3,272 Shares in Stride, Inc. $LRN Acquired by R Squared Ltd

R Squared Ltd acquired a new position in Stride, Inc. (NYSE:LRN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,272 shares of the company’s stock, valued at approximately $475,000.

A number of other large investors also recently bought and sold shares of LRN. GAMMA Investing LLC raised its stake in Stride by 18.5% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the company’s stock worth $370,000 after buying an additional 457 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Stride in the first quarter worth approximately $393,000. Cambridge Investment Research Advisors Inc. bought a new position in Stride in the first quarter worth approximately $316,000. Oppenheimer Asset Management Inc. bought a new position in Stride in the first quarter worth approximately $1,650,000. Finally, Oppenheimer & Co. Inc. bought a new position in Stride in the first quarter worth approximately $660,000. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $152.17 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The stock’s fifty day moving average price is $152.52 and its 200 day moving average price is $146.22. Stride, Inc. has a 1 year low of $89.11 and a 1 year high of $171.17. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 0.86 and a beta of 0.07.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm had revenue of $653.65 million for the quarter, compared to the consensus estimate of $626.23 million. During the same period in the prior year, the firm earned $1.42 EPS. The firm’s revenue was up 22.4% on a year-over-year basis. As a group, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Insider Activity

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LRN has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Morgan Stanley upped their price target on Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Canaccord Genuity Group upped their price target on Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $185.00 price target on shares of Stride in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.40.

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.