Stride, Inc. $LRN Shares Sold by Triodos Investment Management BV

Triodos Investment Management BV cut its stake in shares of Stride, Inc. (NYSE:LRN) by 19.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,000 shares of the company’s stock after selling 5,000 shares during the quarter. Triodos Investment Management BV’s holdings in Stride were worth $3,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vontobel Holding Ltd. purchased a new stake in shares of Stride in the 2nd quarter worth about $297,000. Maryland State Retirement & Pension System boosted its position in shares of Stride by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock worth $1,831,000 after buying an additional 109 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Stride by 10.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,400 shares of the company’s stock worth $2,236,000 after buying an additional 1,500 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Stride in the 2nd quarter worth about $1,464,000. Finally, Belpointe Asset Management LLC boosted its position in shares of Stride by 17.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 4,160 shares of the company’s stock worth $604,000 after buying an additional 604 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the 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 transaction, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

Stride Trading Up 0.0%

Shares of LRN stock opened at $144.85 on Friday. The firm has a market cap of $6.32 billion, a P/E ratio of 24.06, a PEG ratio of 0.82 and a beta of 0.07. Stride, Inc. has a 1-year low of $63.25 and a 1-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 firm’s 50-day simple moving average is $152.35 and its 200-day simple moving average is $144.70.

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