Stride, Inc. (NYSE:LRN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,638 shares of the company's stock after selling 85,847 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Stride worth $8,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after acquiring an additional 93 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $1,240,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after buying an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock valued at $336,000 after buying an additional 113 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

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Stride Stock Performance

LRN traded up $3.09 during trading on Tuesday, reaching $137.88. 522,890 shares of the company's stock were exchanged, compared to its average volume of 836,472. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company's fifty day simple moving average is $131.19 and its 200-day simple moving average is $111.88. The stock has a market capitalization of $6.00 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, BMO Capital Markets upped their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Stride currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.17.

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.