Stride (NYSE:LRN) Director Dylan Haggart Purchases 59,188 Shares of Stock

Stride, Inc. (NYSE:LRN) Director Dylan Haggart bought 59,188 shares of Stride stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average price of $79.84 per share, with a total value of $4,725,569.92. Following the completion of the transaction, the director owned 1,803,903 shares of the company’s stock, valued at $144,023,615.52. This represents a 3.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stride Price Performance

NYSE LRN traded up $0.70 during trading on Tuesday, reaching $79.12. The company’s stock had a trading volume of 917,049 shares. The firm has a fifty day moving average of $81.70 and a 200 day moving average of $85.60. Stride, Inc. has a one year low of $60.61 and a one year high of $155.06.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.30. The business had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. During the same quarter last year, the business posted $1.40 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Stride, Inc. will post 8.80 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

Several institutional investors have recently modified their holdings of LRN. Janus Henderson Group PLC raised its holdings in shares of Stride by 61.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock valued at $200,799,000 after buying an additional 862,849 shares in the last quarter. Jupiter Topco LLC bought a new stake in Stride in the 2nd quarter worth approximately $199,715,000. Dimensional Fund Advisors LP boosted its stake in Stride by 5.5% in 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Stride by 40.8% in 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 in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Stride during the second quarter valued at approximately $71,036,000. 98.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRN has been the subject of a number of research reports. Barrington Research cut their price target on shares of Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, October 5th. William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Stride currently has a consensus rating of “Hold” and an average target price of $106.25.

About Stride

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.