Allspring Global Investments Holdings LLC Has $302,000 Stock Position in Stride, Inc. (NYSE:LRN)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Stride, Inc. (NYSE:LRN) by 34.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,122 shares of the company’s stock after selling 4,271 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Stride were worth $302,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LRN. Vanguard Group Inc. grew its stake in Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock valued at $210,160,000 after buying an additional 506,211 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stride by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,844,052 shares of the company’s stock valued at $103,323,000 after buying an additional 20,806 shares during the last quarter. Pictet Asset Management SA grew its stake in Stride by 12.1% in the 1st quarter. Pictet Asset Management SA now owns 800,930 shares of the company’s stock valued at $31,437,000 after buying an additional 86,500 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Stride by 16.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 799,579 shares of the company’s stock valued at $29,049,000 after buying an additional 111,340 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Stride by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 772,571 shares of the company’s stock valued at $30,323,000 after buying an additional 49,314 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

NYSE:LRN opened at $56.00 on Friday. The company has a 50-day moving average of $47.54 and a 200-day moving average of $42.52. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.71 and a beta of 0.32. Stride, Inc. has a 52 week low of $30.66 and a 52 week high of $57.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.54 and a current ratio of 3.61.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.50. The company had revenue of $480.18 million during the quarter, compared to the consensus estimate of $456.24 million. Stride had a net margin of 8.16% and a return on equity of 16.94%. As a group, equities research analysts anticipate that Stride, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Stride from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Barrington Research raised their price target on shares of Stride from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Morgan Stanley raised their price target on shares of Stride from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 25th.

Insider Transactions at Stride

In other news, insider Les Ottolenghi sold 6,150 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $56.42, for a total transaction of $346,983.00. Following the completion of the transaction, the insider now directly owns 60,757 shares of the company’s stock, valued at approximately $3,427,909.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Vincent Mathis sold 10,587 shares of Stride stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $53.81, for a total transaction of $569,686.47. Following the completion of the transaction, the executive vice president now directly owns 42,193 shares of the company’s stock, valued at approximately $2,270,405.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Les Ottolenghi sold 6,150 shares of Stride stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $56.42, for a total transaction of $346,983.00. Following the transaction, the insider now directly owns 60,757 shares of the company’s stock, valued at $3,427,909.94. The disclosure for this sale can be found here. In the last three months, insiders sold 41,737 shares of company stock valued at $2,180,669. Company insiders own 2.50% of the company’s stock.

Stride Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.