Sen. Markwayne Mullin Sells Off Shares of Stride, Inc. (NYSE:LRN)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Stride, Inc. NYSE: LRN. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Stride stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Axon Enterprise NASDAQ: AXON on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Sprouts Farmers Market NASDAQ: SFM on 12/18/2024.
• Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Ollie's Bargain Outlet NASDAQ: OLLI on 12/18/2024.
• Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
• Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Freshpet NASDAQ: FRPT on 12/18/2024.
• Sold $1,001 - $15,000 in shares of e.l.f. Beauty NYSE: ELF on 12/18/2024.

Stride Price Performance

Shares of NYSE LRN traded down $1.53 during trading on Wednesday, hitting $103.93. 395,663 shares of the company were exchanged, compared to its average volume of 814,804. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $112.80. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.80 and a beta of 0.30. The firm's fifty day moving average price is $102.89 and its 200 day moving average price is $85.29.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping 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 firm had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm's revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Stride, Inc. will post 6.64 earnings per share for the current fiscal year.

Institutional Trading of Stride

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. purchased a new position in Stride during the third quarter worth approximately $45,616,000. Victory Capital Management Inc. increased its holdings in shares of Stride by 1,443.6% during the 2nd quarter. Victory Capital Management Inc. now owns 479,941 shares of the company's stock worth $33,836,000 after buying an additional 448,849 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Stride by 20.1% in the 2nd quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company's stock worth $149,608,000 after buying an additional 355,614 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Stride by 51.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock valued at $79,326,000 after acquiring an additional 314,435 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Stride during the third quarter valued at about $21,044,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Insiders Place Their Bets

In other Stride news, 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 completion of the sale, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LRN has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Canaccord Genuity Group boosted their price objective on shares of Stride from $94.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Barrington Research boosted their target price on shares of Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price target on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $97.50.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Stride Company Profile

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.