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

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 $1,001 and $15,000 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 $15,001 - $50,000 in shares of Stride NYSE: LRN 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.

Stride Price Performance

Shares of NYSE LRN traded down $1.53 during trading hours on Wednesday, hitting $103.93. 395,663 shares of the stock were exchanged, compared to its average volume of 814,804. The company's fifty day simple moving average is $102.89 and its two-hundred day simple moving average is $85.29. The company has a market cap of $4.53 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. 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 1-year low of $54.81 and a 1-year high of $112.80.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The firm 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 business posted $0.11 EPS. The company's revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts predict that Stride, Inc. will post 6.64 EPS for the current year.

Insider Transactions at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction 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 transaction, the director now owns 85,058 shares of the company's stock, valued at $7,786,209.32. This trade represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stride

Several hedge funds have recently added to or reduced their stakes in LRN. B. Riley Wealth Advisors Inc. bought a new position in shares of Stride during the third quarter valued at $430,000. Franklin Resources Inc. raised its position in Stride by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,816 shares of the company's stock worth $2,373,000 after purchasing an additional 3,477 shares during the last quarter. Tidal Investments LLC lifted its holdings in Stride by 64.0% during the 3rd quarter. Tidal Investments LLC now owns 8,642 shares of the company's stock worth $737,000 after buying an additional 3,374 shares during the period. Sanctuary Advisors LLC grew its position in shares of Stride by 161.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,859 shares of the company's stock valued at $1,779,000 after buying an additional 12,896 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Stride by 27.7% in the third 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 during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LRN. BMO Capital Markets lifted their target price on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Canaccord Genuity Group raised their target price on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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.