Stride, Inc. (NYSE:LRN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stride, Inc. (NYSE:LRN) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,421 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stride were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LRN. Mendota Financial Group LLC acquired a new stake in Stride in the third quarter valued at $86,000. nVerses Capital LLC acquired a new stake in Stride during the second quarter valued at approximately $78,000. GAMMA Investing LLC lifted its stake in Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after purchasing an additional 643 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Stride by 24.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after buying an additional 420 shares during the last quarter. Finally, Retirement Guys Formula LLC acquired a new position in shares of Stride in the 3rd quarter valued at about $203,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the transaction, the director now owns 85,058 shares in the company, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LRN shares. BMO Capital Markets increased their price objective on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barrington Research increased their price target on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group assumed coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price on the stock. Finally, Canaccord Genuity Group boosted their price target on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Stride Stock Performance

Shares of LRN opened at $110.52 on Friday. The firm has a market capitalization of $4.82 billion, a PE ratio of 20.09, a P/E/G ratio of 0.83 and a beta of 0.30. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $91.13 and a 200 day moving average price of $80.29. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $112.80.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. On average, sell-side analysts anticipate that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

About Stride

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.