Sanctuary Advisors LLC Purchases 12,896 Shares of Stride, Inc. (NYSE:LRN)

Sanctuary Advisors LLC grew its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 161.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,859 shares of the company's stock after buying an additional 12,896 shares during the quarter. Sanctuary Advisors LLC's holdings in Stride were worth $1,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. bought a new stake in shares of Stride in the 3rd quarter worth approximately $45,616,000. Victory Capital Management Inc. raised its stake in shares of Stride by 1,443.6% in the second quarter. Victory Capital Management Inc. now owns 479,941 shares of the company's stock valued at $33,836,000 after buying an additional 448,849 shares during the period. William Blair Investment Management LLC lifted its position in shares of Stride by 20.1% during the 2nd quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company's stock valued at $149,608,000 after buying an additional 355,614 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock worth $79,326,000 after acquiring an additional 314,435 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Stride in the 3rd quarter worth about $21,044,000. 98.24% of the stock is owned by institutional investors.

Insider Activity at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the company's stock in a transaction dated 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. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Stride Price Performance

Stride stock traded down $0.87 during mid-day trading on Friday, hitting $105.21. 691,293 shares of the company traded hands, compared to its average volume of 826,059. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. Stride, Inc. has a one year low of $54.81 and a one year high of $112.80. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. The stock has a fifty day moving average price of $96.52 and a 200-day moving average price of $82.88.

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

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barrington Research lifted their target price on Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $97.50.

Stride 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.