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

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. NYSE: LRN. In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in Stride stock on January 2nd.

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

• Sold $15,001 - $50,000 in shares of iShares Core MSCI EAFE ETF BATS: IEFA on 1/8/2025.
• Sold $15,001 - $50,000 in shares of iShares MSCI Eurozone ETF BATS: EZU on 1/8/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 1/8/2025.
• Purchased $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Iron Mountain NYSE: IRM on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Coherent NYSE: COHR on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Westinghouse Air Brake Technologies NYSE: WAB on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Dell Technologies NYSE: DELL on 1/2/2025.
• Purchased $15,001 - $50,000 in shares of Applied Industrial Technologies NYSE: AIT on 1/2/2025.

Stride Stock Performance

Shares of LRN traded up $0.63 during mid-day trading on Friday, hitting $134.76. 1,285,768 shares of the company traded hands, compared to its average volume of 851,676. 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 stock has a 50-day moving average price of $110.56 and a two-hundred day moving average price of $92.43. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $137.54. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 0.96 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 23.16%. Equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Several large investors have recently made changes to their positions in the company. Truist Financial Corp bought a new stake in shares of Stride in the fourth quarter worth about $302,000. Principal Financial Group Inc. increased its stake in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Congress Asset Management Co. increased its stake in Stride by 8.2% during the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock worth $60,128,000 after acquiring an additional 43,829 shares during the last quarter. Rhumbline Advisers increased its stake in Stride by 0.8% during the fourth quarter. Rhumbline Advisers now owns 116,744 shares of the company's stock worth $12,133,000 after acquiring an additional 908 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in Stride during the fourth quarter worth approximately $5,696,000. 98.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LRN. Morgan Stanley upped their target price on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday. StockNews.com downgraded shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Stride has a consensus rating of "Moderate Buy" and an average target price of $116.83.

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.