8,992 Shares in Stride, Inc. $LRN Acquired by Kiker Wealth Management LLC

Kiker Wealth Management LLC purchased a new stake in Stride, Inc. (NYSE:LRN) during the second quarter, HoldingsChannel reports. The firm purchased 8,992 shares of the company’s stock, valued at approximately $1,306,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRN. Rezny Wealth Management Inc. increased its holdings in shares of Stride by 0.6% in the second quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock valued at $2,055,000 after purchasing an additional 83 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Stride by 2.9% in the first quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock valued at $372,000 after purchasing an additional 84 shares during the last quarter. Vestcor Inc increased its holdings in shares of Stride by 4.6% in the first quarter. Vestcor Inc now owns 2,328 shares of the company’s stock valued at $294,000 after purchasing an additional 102 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Stride by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock valued at $1,831,000 after purchasing an additional 109 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Stride Price Performance

Stride stock opened at $144.88 on Tuesday. The stock’s fifty day moving average price is $152.94 and its two-hundred day moving average price is $145.19. Stride, Inc. has a one year low of $63.25 and a one year high of $171.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The firm has a market cap of $6.32 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm had revenue of $653.65 million for the quarter, compared to analyst estimates of $626.23 million. During the same quarter last year, the company earned $1.42 EPS. The company’s revenue was up 22.4% on a year-over-year basis. As a group, research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LRN shares. Barrington Research reiterated an “outperform” rating and set a $185.00 target price on shares of Stride in a research note on Tuesday, September 23rd. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

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.