Weil Company Inc. Sells 7,098 Shares of Stride, Inc. (NYSE:LRN)

Weil Company Inc. lowered its position in Stride, Inc. (NYSE:LRN - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,715 shares of the company's stock after selling 7,098 shares during the quarter. Weil Company Inc.'s holdings in Stride were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Motco bought a new stake in Stride in the first quarter valued at approximately $74,000. EntryPoint Capital LLC bought a new stake in Stride in the first quarter valued at approximately $77,000. nVerses Capital LLC bought a new position in shares of Stride during the second quarter valued at approximately $78,000. Mendota Financial Group LLC bought a new position in shares of Stride during the third quarter valued at approximately $86,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Stride by 38.0% during the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company's stock valued at $173,000 after acquiring an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Insider Activity at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now directly owns 85,058 shares of the company's stock, valued at $7,786,209.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.76% of the stock is currently owned by insiders.

Stride Stock Up 1.0 %

Shares of NYSE LRN traded up $1.01 during trading on Monday, reaching $102.89. The company had a trading volume of 565,540 shares, compared to its average volume of 845,709. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $103.40. The stock has a market cap of $4.49 billion, a PE ratio of 18.42, a P/E/G ratio of 0.77 and a beta of 0.27. The business's 50-day moving average is $82.41 and its 200 day moving average is $75.75.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analysts' expectations of $504.29 million. During the same period last year, the firm posted $0.11 earnings per share. Stride's revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LRN shares. Citigroup upped their target price on Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. BMO Capital Markets upped their target price on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Canaccord Genuity Group upped their target price on Stride from $94.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barrington Research upped their target price on Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.17.

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.