Stride, Inc. (NYSE:LRN – Get Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $43.12, but opened at $41.64. Stride shares last traded at $40.83, with a volume of 50,632 shares changing hands.
Wall Street Analysts Forecast Growth
LRN has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $50.00 price target on shares of Stride in a research note on Wednesday, January 25th. BMO Capital Markets boosted their price target on Stride from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Morgan Stanley downgraded shares of Stride from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a report on Friday.
Stride Price Performance
The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.63 and a current ratio of 3.73. The company’s 50 day moving average price is $39.10 and its 200-day moving average price is $38.05. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.86 and a beta of 0.35.
Insider Buying and Selling
In other Stride news, CEO James Jeaho Rhyu sold 35,531 shares of the firm’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $40.49, for a total value of $1,438,650.19. Following the sale, the chief executive officer now directly owns 515,920 shares in the company, valued at approximately $20,889,600.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Vincent Mathis sold 8,160 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $40.65, for a total value of $331,704.00. Following the completion of the transaction, the executive vice president now owns 44,806 shares in the company, valued at approximately $1,821,363.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Jeaho Rhyu sold 35,531 shares of the company’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $40.49, for a total transaction of $1,438,650.19. Following the completion of the sale, the chief executive officer now directly owns 515,920 shares in the company, valued at approximately $20,889,600.80. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Institutional Trading of Stride
Several hedge funds have recently modified their holdings of LRN. State of Alaska Department of Revenue lifted its holdings in Stride by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 28,448 shares of the company’s stock worth $889,000 after acquiring an additional 317 shares in the last quarter. FMR LLC grew its holdings in shares of Stride by 0.4% during the second quarter. FMR LLC now owns 84,342 shares of the company’s stock worth $3,441,000 after buying an additional 346 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Stride by 1.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,065 shares of the company’s stock valued at $1,034,000 after purchasing an additional 393 shares in the last quarter. Lapides Asset Management LLC boosted its stake in shares of Stride by 0.3% during the 4th quarter. Lapides Asset Management LLC now owns 152,556 shares of the company’s stock worth $4,772,000 after buying an additional 400 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Stride by 3.9% in the 4th quarter. Arizona State Retirement System now owns 11,465 shares of the company’s stock valued at $359,000 after acquiring an additional 428 shares in the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.
Stride Company Profile
Stride, Inc is a technology-based educational company, which engages in the provision of proprietary and third-party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name.
- Get a free copy of the StockNews.com research report on Stride (LRN)
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