Creative Planning Grows Stock Holdings in Stride, Inc. (NYSE:LRN)

Creative Planning grew its holdings in shares of Stride, Inc. (NYSE:LRN) by 42.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,653 shares of the company’s stock after buying an additional 1,380 shares during the quarter. Creative Planning’s holdings in Stride were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LRN. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Stride by 17.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,262 shares of the company’s stock worth $1,971,000 after purchasing an additional 4,546 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Stride by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 34,831 shares of the company’s stock valued at $2,196,000 after acquiring an additional 496 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Stride by 67.3% in the first quarter. ClariVest Asset Management LLC now owns 30,794 shares of the company’s stock valued at $1,942,000 after acquiring an additional 12,393 shares in the last quarter. Swiss National Bank raised its holdings in Stride by 1.0% in the first quarter. Swiss National Bank now owns 81,300 shares of the company’s stock valued at $5,126,000 after acquiring an additional 800 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in Stride in the first quarter valued at $264,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

NYSE:LRN opened at $98.89 on Friday. Stride, Inc. has a twelve month low of $54.81 and a twelve month high of $99.61. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $82.02 and a 200-day moving average of $75.24. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.70 and a beta of 0.27.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts forecast that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

LRN has been the topic of a number of research reports. Canaccord Genuity Group increased their target price on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group began coverage on shares of Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Finally, StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

Insider Buying and Selling at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.76% of the company’s stock.

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.