Stride (NYSE:LRN) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. NYSE: LRN. In a filing disclosed on November 08th, the Senator disclosed that they had bought between $1,001 and $15,000 in Stride stock on July 30th.

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

• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 8/20/2024.
• Sold $15,001 - $50,000 in shares of Edwards Lifesciences NYSE: EW on 8/20/2024.
• Purchased $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 8/20/2024.
• Purchased $15,001 - $50,000 in shares of TJX Companies NYSE: TJX on 8/20/2024.

Stride Trading Up 3.0 %

NYSE:LRN traded up $2.99 during trading hours on Friday, reaching $101.88. 986,952 shares of the company were exchanged, compared to its average volume of 2,166,676. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.75 and a beta of 0.27. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $103.40. The stock has a 50 day simple moving average of $82.41 and a 200 day simple moving average of $75.54.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share 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 company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same quarter last year, the firm posted $0.11 earnings per share. Stride's revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Stride, Inc. will post 6.66 EPS for the current year.

Insider Buying and Selling at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the company'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 value of $734,883.12. Following the transaction, the director now owns 85,058 shares in the company, valued at approximately $7,786,209.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LRN shares. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Barrington Research raised their price target on shares of Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their price target on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Canaccord Genuity Group initiated coverage on shares of Stride in a report on Thursday, August 8th. They set a "buy" rating and a $94.00 price target for the company. Finally, BMO Capital Markets raised their price target on shares of Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LRN. William Blair Investment Management LLC lifted its position in Stride by 20.1% in 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 purchasing an additional 355,614 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Stride by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company's stock worth $72,821,000 after purchasing an additional 30,854 shares during the last quarter. Swedbank AB purchased a new position in shares of Stride in the first quarter worth approximately $60,385,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Stride by 51.1% in the third 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 in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock worth $70,594,000 after acquiring an additional 347,564 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

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.

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.