Atria Wealth Solutions Inc. Makes New $294,000 Investment in Stride, Inc. $LRN

Atria Wealth Solutions Inc. purchased a new position in Stride, Inc. (NYSE:LRN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,027 shares of the company’s stock, valued at approximately $294,000.

A number of other large investors have also added to or reduced their stakes in LRN. Nuveen LLC bought a new stake in Stride in the 1st quarter worth $38,835,000. Fiera Capital Corp bought a new stake in Stride in the 1st quarter worth $29,526,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Stride by 657.1% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 174,900 shares of the company’s stock worth $25,394,000 after acquiring an additional 151,800 shares during the last quarter. Candriam S.C.A. grew its holdings in Stride by 214.2% in the 1st quarter. Candriam S.C.A. now owns 189,143 shares of the company’s stock worth $23,927,000 after acquiring an additional 128,947 shares during the last quarter. Finally, CW Advisors LLC grew its holdings in Stride by 89.5% in the 1st quarter. CW Advisors LLC now owns 161,458 shares of the company’s stock worth $20,424,000 after acquiring an additional 76,260 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 4.5%

NYSE:LRN opened at $152.15 on Wednesday. Stride, Inc. has a one year low of $63.36 and a one year high of $171.17. 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 company’s 50-day simple moving average is $152.92 and its 200 day simple moving average is $145.80. The firm has a market capitalization of $6.64 billion, a P/E ratio of 25.27, a PEG ratio of 0.83 and a beta of 0.07.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LRN shares. Barrington Research reaffirmed an “outperform” rating and set a $185.00 target price on shares of Stride in a research note on Tuesday, September 23rd. Morgan Stanley lifted their target price on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and an average price target of $146.40.

Insider Buying and Selling

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer owned 706,353 shares of the company’s stock, valued at $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by insiders.

Stride 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.