Stride, Inc. (NYSE:LRN - Get Free Report) Director Brian Shepherd bought 10,000 shares of Stride stock in a transaction that occurred on Tuesday, November 3rd. The stock was bought at an average cost of $74.95 per share, for a total transaction of $749,500.00. Following the purchase, the director owned 23,094 shares in the company, valued at $1,730,895.30. This represents a 76.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Stride Price Performance
Shares of NYSE:LRN opened at $79.23 on Thursday. The business's fifty day moving average price is $80.96 and its two-hundred day moving average price is $85.86. The stock has a market cap of $3.33 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.42 and a beta of 0.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.53 and a current ratio of 2.56. Stride, Inc. has a one year low of $60.61 and a one year high of $103.67.
Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.30. Stride had a return on equity of 22.06% and a net margin of 13.18%. The company had revenue of $639.38 million during the quarter, compared to the consensus estimate of $612.25 million. During the same quarter last year, the business posted $1.40 earnings per share. Stride's revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Stride, Inc. will post 9.04 EPS for the current fiscal year.
Stride News Summary
Here are the key news stories impacting Stride this week:
- Positive Sentiment: Director Dylan Haggart bought 54,200 shares on Oct. 30, 137,500 on Nov. 2 and 36,357 on Nov. 3, spending about $17.6 million in total at prices ranging from $74.91 to $78.34. Director Brian A. Shepherd also bought 12,000 shares on Nov. 2 and 10,000 on Nov. 3, investing about $1.67 million. The scale and clustering of the purchases may bolster confidence, though insider buying does not guarantee future performance. SEC filing for Haggart transactions SEC filing for Shepherd transactions
- Neutral Sentiment: The articles also cite Stride’s latest reported quarter, in which EPS of $1.37 and revenue of $639.4 million exceeded analyst estimates. That performance provides favorable context but was reported earlier and is not a new catalyst in these updates.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in LRN. Jupiter Topco LLC purchased a new stake in shares of Stride in the second quarter valued at $199,715,000. Janus Henderson Group PLC lifted its position in Stride by 61.0% during the first quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company's stock worth $200,799,000 after buying an additional 862,849 shares during the period. Dimensional Fund Advisors LP lifted its position in Stride by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company's stock worth $154,339,000 after buying an additional 90,851 shares during the period. Principal Financial Group Inc. lifted its position in Stride by 40.8% during the first quarter. Principal Financial Group Inc. now owns 1,034,047 shares of the company's stock worth $91,172,000 after buying an additional 299,756 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in Stride in the 2nd quarter worth about $71,036,000. Hedge funds and other institutional investors own 98.24% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on LRN shares. William Blair cut Stride from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Stride from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. BMO Capital Markets decreased their price target on shares of Stride from $93.00 to $90.00 and set a "market perform" rating on the stock in a research note on Monday, October 5th. Barrington Research decreased their price target on shares of Stride from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday, October 23rd. Finally, Zacks Research upgraded shares of Stride from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Stride currently has an average rating of "Moderate Buy" and an average target price of $106.25.
Get Our Latest Analysis on LRN
Stride Company Profile
(
Get Free Report)
Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.
Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.
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