Stride (NYSE:LRN) Stock: Insider Brian Shepherd Acquires 10,000 Shares

Stride, Inc. (NYSE:LRN) Director Brian Shepherd bought 10,000 shares of Stride stock in a transaction that occurred on Tuesday, November 3rd. The stock was purchased at an average cost of $74.95 per share, with a total value of $749,500.00. Following the completion of the transaction, the director owned 23,094 shares of the company’s stock, valued at $1,730,895.30. This trade represents a 76.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stride Trading Down 5.4%

Shares of LRN opened at $74.99 on Friday. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $103.67. The company has a current ratio of 2.56, a quick ratio of 2.53 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $80.76 and a 200-day simple moving average of $85.88. The stock has a market cap of $3.15 billion, a PE ratio of 10.34, a PEG ratio of 0.44 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $612.25 million. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that Stride, Inc. will post 9.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LRN. 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. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. BMO Capital Markets dropped their price objective on Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, October 5th. Finally, Zacks Research raised shares of Stride from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. One investment 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 company. According to MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average price target of $106.25.

Institutional Investors Weigh In On Stride

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in Stride by 108.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after buying an additional 225 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Stride in the 2nd quarter valued at $46,000. Caitlin John LLC acquired a new stake in shares of Stride in the 2nd quarter valued at about $49,000. John Boyer Inc. bought a new position in shares of Stride during the third quarter worth about $67,000. Finally, Bard Associates Inc. acquired a new position in Stride during the 2nd quarter worth approximately $88,000. 98.24% of the stock is currently owned by institutional investors.

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.