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

Stride, Inc. (NYSE:LRN) Director Dylan Haggart purchased 59,188 shares of the stock in a transaction dated Friday, October 23rd. The stock was acquired at an average cost of $79.84 per share, with a total value of $4,725,569.92. Following the transaction, the director directly owned 1,803,903 shares in the company, valued at approximately $144,023,615.52. This trade represents a 3.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Stride Trading Up 0.9%

Shares of NYSE:LRN opened at $79.12 on Wednesday. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $155.06. The company has a market capitalization of $3.33 billion, a PE ratio of 10.91 and a beta of 0.14. The business’s fifty day simple moving average is $81.70 and its 200-day simple moving average is $85.60.

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, topping analysts’ consensus estimates of $1.07 by $0.30. The firm had revenue of $639.38 million during the quarter, compared to analysts’ expectations of $612.25 million. During the same period in the previous year, the firm earned $1.40 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that Stride, Inc. will post 8.80 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LRN. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. BMO Capital Markets reduced their target price on Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, October 5th. Barrington Research reduced their target price on Stride from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, William Blair cut Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Stride currently has an average rating of “Hold” and an average price target of $106.25.

Institutional Trading of Stride

A number of institutional investors have recently bought and sold shares of the stock. John Boyer Inc. purchased a new stake in shares of Stride during the third quarter valued at $67,000. Signaturefd LLC increased its position in shares of Stride by 157.2% in the 3rd quarter. Signaturefd LLC now owns 1,219 shares of the company’s stock valued at $95,000 after acquiring an additional 745 shares during the period. Sterling Capital Management LLC raised its stake in Stride by 1,119.3% in the 3rd quarter. Sterling Capital Management LLC now owns 4,609 shares of the company’s stock worth $359,000 after acquiring an additional 4,231 shares during the last quarter. Optivise Advisory Services LLC purchased a new position in Stride in the 3rd quarter worth $206,000. Finally, Daytona Street Capital LLC acquired a new stake in Stride during the 3rd quarter worth about $198,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

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.