Stride (NYSE:LRN) Stock Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on November 08th, the Senator disclosed that they had bought between $1,001 and $15,000 in Stride stock on July 30th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 8/20/2024.
• Sold $15,001 – $50,000 in shares of Edwards Lifesciences (NYSE:EW) on 8/20/2024.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 8/20/2024.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 8/20/2024.

Stride Stock Up 3.0 %

Shares of NYSE:LRN opened at $101.83 on Friday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $103.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The company’s fifty day moving average is $82.41 and its 200-day moving average is $75.54. The company has a market capitalization of $4.44 billion, a PE ratio of 18.51, a P/E/G ratio of 0.75 and a beta of 0.27.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts predict that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Insider Activity at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the sale, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup upped their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group assumed coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price target on the stock. Canaccord Genuity Group upped their price target on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barrington Research upped their price target on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LRN. William Blair Investment Management LLC acquired a new stake in shares of Stride in the 1st quarter valued at approximately $111,377,000. Swedbank AB acquired a new stake in shares of Stride in the 1st quarter valued at approximately $60,385,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Stride in the 2nd quarter valued at approximately $43,387,000. Congress Asset Management Co. acquired a new stake in shares of Stride in the 3rd quarter valued at approximately $45,616,000. Finally, Victory Capital Management Inc. raised its position in shares of Stride by 1,443.6% in the 2nd quarter. Victory Capital Management Inc. now owns 479,941 shares of the company’s stock valued at $33,836,000 after acquiring an additional 448,849 shares during the period. Institutional investors own 98.24% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Stride Company 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.