Nisa Investment Advisors LLC Sells 131 Shares of Stride, Inc. (NYSE:LRN)

Nisa Investment Advisors LLC decreased its position in Stride, Inc. (NYSE:LRN) by 9.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,250 shares of the company’s stock after selling 131 shares during the period. Nisa Investment Advisors LLC’s holdings in Stride were worth $107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mendota Financial Group LLC purchased a new position in shares of Stride in the 3rd quarter valued at approximately $86,000. nVerses Capital LLC purchased a new position in shares of Stride during the 2nd quarter valued at approximately $78,000. Motco acquired a new position in shares of Stride during the 1st quarter worth about $74,000. EntryPoint Capital LLC purchased a new stake in Stride during the 1st quarter worth approximately $77,000. Finally, GAMMA Investing LLC lifted its holdings in Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after purchasing an additional 643 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Insider Activity at Stride

In related 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 value of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.76% of the stock is currently owned by insiders.

Stride Trading Down 0.6 %

LRN opened at $98.89 on Friday. The business’s 50-day simple moving average is $82.02 and its 200-day simple moving average is $75.24. The company has a market cap of $4.31 billion, a P/E ratio of 17.98, a PEG ratio of 0.70 and a beta of 0.27. Stride, Inc. has a one year low of $54.81 and a one year high of $99.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60.

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

Wall Street Analyst Weigh In

LRN has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their target price on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barrington Research upped their price objective on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group started coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

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.