75,486 Shares in Stride, Inc. (NYSE:LRN) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,486 shares of the company's stock, valued at approximately $6,391,000. Erste Asset Management GmbH owned approximately 0.17% of Stride at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in Stride by 3.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company's stock valued at $274,000 after purchasing an additional 121 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Stride by 1.1% in the second quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company's stock valued at $1,442,000 after acquiring an additional 217 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Stride by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company's stock worth $813,000 after acquiring an additional 220 shares in the last quarter. Isthmus Partners LLC grew its position in Stride by 4.8% during the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company's stock worth $339,000 after acquiring an additional 222 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company's stock valued at $1,069,000 after purchasing an additional 235 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Insider Activity at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now directly owns 85,058 shares in the company, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by corporate insiders.

Stride Trading Up 2.9 %

NYSE LRN traded up $3.05 on Tuesday, reaching $110.04. The company had a trading volume of 974,742 shares, compared to its average volume of 831,139. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $111.14. The stock's 50 day moving average is $90.07 and its 200-day moving average is $79.87. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The business had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same period last year, the company posted $0.11 EPS. Stride's revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts predict that Stride, Inc. will post 6.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Stride from $94.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Barrington Research raised their price target on shares of Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on Stride from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Canaccord Genuity Group started coverage on Stride in a research note on Thursday, August 8th. They issued a "buy" rating and a $94.00 target price for the company. Finally, StockNews.com lowered Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.17.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.