Stride, Inc. (NYSE:LRN) Director Sells $734,883.12 in Stock

Stride, Inc. (NYSE:LRN - Get Free Report) Director Todd Goldthwaite sold 8,028 shares of the business'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 owns 85,058 shares of the company's stock, valued at $7,786,209.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Stride Price Performance

Shares of LRN stock traded down $0.24 during mid-day trading on Monday, hitting $91.01. The company had a trading volume of 1,539,275 shares, compared to its average volume of 838,934. Stride, Inc. has a 52-week low of $54.12 and a 52-week high of $92.75. The stock's 50 day moving average price is $79.68 and its 200-day moving average price is $73.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The company has a market capitalization of $3.94 billion, a P/E ratio of 21.42, a P/E/G ratio of 0.64 and a beta of 0.26.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. The firm had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.76%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Equities research analysts forecast that Stride, Inc. will post 5.04 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Hedge funds have recently bought and sold shares of the business. Motco purchased a new stake in Stride during the first quarter valued at $74,000. EntryPoint Capital LLC purchased a new stake in shares of Stride in the first quarter valued at $77,000. nVerses Capital LLC purchased a new stake in shares of Stride in the second quarter valued at $78,000. Mendota Financial Group LLC purchased a new stake in shares of Stride in the third quarter valued at $86,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Stride by 38.0% in the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company's stock valued at $173,000 after acquiring an additional 754 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LRN. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Citigroup lowered shares of Stride from a "buy" rating to a "neutral" rating and upped their price target for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They issued a "buy" rating and a $94.00 price target for the company. BMO Capital Markets upped their price target on shares of Stride from $84.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Barrington Research upped their price target on shares of Stride from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.50.

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.

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