Stride (NYSE:LRN) Director Dylan Haggart Purchases 36,357 Shares of Company Stock

Stride, Inc. (NYSE:LRN) Director Dylan Haggart purchased 36,357 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were purchased at an average price of $74.91 per share, for a total transaction of $2,723,502.87. Following the transaction, the director owned 2,127,760 shares of the company’s stock, valued at $159,390,501.60. This trade represents a 1.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Stride Stock Down 0.7%

LRN opened at $75.17 on Wednesday. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $103.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.53 and a current ratio of 2.56. The company has a fifty day moving average of $81.08 and a two-hundred day moving average of $85.81. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.42 and a beta of 0.16.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.30. Stride had a net margin of 13.18% and a return on equity of 22.06%. The business had revenue of $639.38 million during the quarter, compared to the consensus estimate of $612.25 million. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that Stride, Inc. will post 9.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

LRN has been the topic of a number of recent research reports. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. BMO Capital Markets lowered their price target on Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, October 5th. Zacks Research upgraded Stride from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Finally, Barrington Research cut their price objective on Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $106.25.

Hedge Funds Weigh In On Stride

A number of hedge funds have recently made changes to their positions in LRN. GAMMA Investing LLC raised its position in Stride by 2.8% in the second quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock valued at $407,000 after purchasing an additional 128 shares during the period. BDFS Capital LLC boosted its position in shares of Stride by 1.4% during the second quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock worth $1,072,000 after buying an additional 176 shares during the period. Cim LLC grew its stake in shares of Stride by 4.0% in the first quarter. Cim LLC now owns 4,706 shares of the company’s stock valued at $415,000 after buying an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Stride by 108.7% in the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock valued at $38,000 after buying an additional 225 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Stride by 14.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,533 shares of the company’s stock valued at $198,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

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.