Stride, Inc. (NYSE:LRN) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 52.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,047 shares of the company's stock after acquiring an additional 3,474 shares during the period. Ritholtz Wealth Management's holdings in Stride were worth $1,044,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mendota Financial Group LLC acquired a new position in shares of Stride during the 3rd quarter worth approximately $86,000. TD Private Client Wealth LLC grew its holdings in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after buying an additional 426 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock worth $176,000 after acquiring an additional 643 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Stride by 24.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock worth $184,000 after acquiring an additional 420 shares during the period. Finally, Retirement Guys Formula LLC acquired a new position in shares of Stride during the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Insider Buying and Selling

In related news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. StockNews.com cut Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Barrington Research lifted their target price on Stride from $100.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on Stride from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Stride presently has an average rating of "Moderate Buy" and an average target price of $102.50.

Stride Trading Up 0.8 %

Shares of LRN traded up $0.95 during midday trading on Monday, hitting $113.90. 866,405 shares of the stock were exchanged, compared to its average volume of 529,827. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The firm has a market cap of $4.96 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.84 and a beta of 0.32. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $115.42. The stock has a fifty day simple moving average of $106.47 and a 200 day simple moving average of $88.80.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. The company had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. Stride's revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, research analysts anticipate that Stride, Inc. will post 6.64 EPS for the current fiscal year.

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.