3,216 Shares in Stride, Inc. (NYSE:LRN) Acquired by Atria Investments Inc

Atria Investments Inc purchased a new stake in shares of Stride, Inc. (NYSE:LRN) in the third quarter, Holdings Channel.com reports. The fund purchased 3,216 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC increased its stake in shares of Stride by 20.1% in the second quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock valued at $149,608,000 after buying an additional 355,614 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Stride by 2.7% during the first quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock worth $72,821,000 after purchasing an additional 30,854 shares in the last quarter. Swedbank AB acquired a new position in shares of Stride during the first quarter worth approximately $60,385,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Stride during the second quarter valued at approximately $43,387,000. Finally, Congress Asset Management Co. bought a new position in Stride in the 3rd quarter worth approximately $45,616,000. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 0.5 %

NYSE:LRN opened at $103.93 on Friday. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.76 and a beta of 0.27. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $104.68. The business’s 50-day moving average price is $86.32 and its two-hundred day moving average price is $77.77. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same quarter last year, the firm earned $0.11 EPS. Stride’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts expect that Stride, Inc. will post 6.66 earnings per share for the current year.

Insider Transactions at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction dated Friday, October 25th. The stock was 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 directly owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LRN. Barrington Research increased their price objective on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group began coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Citigroup lifted their price objective on 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 upped their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and a consensus target price 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.