Stride, Inc. (NYSE:LRN) Chairman Nathaniel A. Davis Sells 24,880 Shares


Share on StockTwits

Stride, Inc. (NYSE:LRN) Chairman Nathaniel A. Davis sold 24,880 shares of the company’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $32.00, for a total value of $796,160.00. Following the completion of the sale, the chairman now owns 315,405 shares in the company, valued at approximately $10,092,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE LRN opened at $32.75 on Thursday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.88 and a beta of 0.54. Stride, Inc. has a twelve month low of $20.39 and a twelve month high of $52.84. The company has a current ratio of 3.41, a quick ratio of 3.31 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $27.51 and a 200 day moving average of $25.64.

Stride (NYSE:LRN) last released its quarterly earnings results on Monday, January 25th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $376.40 million during the quarter, compared to analysts’ expectations of $363.73 million. Stride had a return on equity of 6.92% and a net margin of 4.06%. Stride’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities analysts predict that Stride, Inc. will post 1.32 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its holdings in shares of Stride by 35.2% during the fourth quarter. HighTower Advisors LLC now owns 83,033 shares of the company’s stock valued at $1,751,000 after acquiring an additional 21,635 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Stride during the fourth quarter valued at approximately $1,624,000. Squarepoint Ops LLC raised its holdings in shares of Stride by 207.7% during the third quarter. Squarepoint Ops LLC now owns 185,535 shares of the company’s stock valued at $4,887,000 after acquiring an additional 125,241 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Stride by 16.7% during the fourth quarter. New York State Common Retirement Fund now owns 119,810 shares of the company’s stock valued at $2,544,000 after acquiring an additional 17,148 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Stride by 21.0% during the third quarter. LPL Financial LLC now owns 30,060 shares of the company’s stock valued at $792,000 after acquiring an additional 5,207 shares during the last quarter. 87.09% of the stock is owned by institutional investors and hedge funds.

LRN has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on Stride in a research note on Tuesday, February 2nd. They issued an “equal weight” rating and a $27.00 target price on the stock. Zacks Investment Research downgraded Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Stride presently has a consensus rating of “Buy” and an average price target of $40.60.

About Stride

Stride, Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. The company offers managed public school programs, which offer an integrated package of systems, services, products, and professional services that K12 administers to support an online or blended public school, including administrative support, information technology and provisioning, academic support, curriculum, learning systems, and instructional services.

Featured Article: Treasury Bonds

Insider Buying and Selling by Quarter for Stride (NYSE:LRN)

Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter.