Triodos Investment Management BV Sells 2,000 Shares of Stride, Inc. (NYSE:LRN)

Triodos Investment Management BV decreased its position in Stride, Inc. (NYSE:LRN - Free Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,000 shares of the company's stock after selling 2,000 shares during the quarter. Triodos Investment Management BV owned approximately 0.07% of Stride worth $3,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Stride during the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC boosted its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after purchasing an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after buying an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Stride in the 4th quarter worth about $165,000. Finally, Wolverine Asset Management LLC lifted its position in Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Price Performance

NYSE:LRN traded up $1.45 during trading hours on Tuesday, hitting $127.95. 119,821 shares of the stock traded hands, compared to its average volume of 823,731. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $130.40 and a 200 day moving average price of $108.16. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS 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 22.42%. Sell-side analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LRN shares. BMO Capital Markets raised their target price on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Morgan Stanley increased their target price on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.17.

Stride Company 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.