Amundi Has $2.27 Million Stock Holdings in Stride, Inc. $LRN

Amundi decreased its stake in Stride, Inc. (NYSE:LRN) by 20.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,409 shares of the company’s stock after selling 4,538 shares during the period. Amundi’s holdings in Stride were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. Larson Financial Group LLC boosted its position in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after purchasing an additional 156 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Stride during the 4th quarter valued at about $41,000. Harbour Investments Inc. boosted its position in shares of Stride by 374.6% during the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock valued at $43,000 after purchasing an additional 266 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Stride during the 1st quarter valued at about $43,000. Institutional investors own 98.24% of the company’s stock.

Insider Buying and Selling at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Stride Stock Up 2.0%

Shares of NYSE:LRN opened at $161.16 on Friday. The business’s 50 day simple moving average is $147.64 and its two-hundred day simple moving average is $142.35. The firm has a market cap of $7.03 billion, a P/E ratio of 26.77, a PEG ratio of 0.92 and a beta of 0.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $171.17.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.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 prior year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, research analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LRN. Morgan Stanley upped their target price on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Barrington Research upped their target price on Stride from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

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.