Stride, Inc. $LRN Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in Stride, Inc. (NYSE:LRN) by 43.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 628 shares of the company’s stock after selling 475 shares during the quarter. TD Private Client Wealth LLC’s holdings in Stride were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Congress Asset Management Co. raised its holdings in Stride by 102.2% during the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company’s stock worth $147,973,000 after buying an additional 591,208 shares during the period. Swedbank AB raised its holdings in Stride by 5.4% during the 1st quarter. Swedbank AB now owns 1,009,726 shares of the company’s stock worth $127,730,000 after buying an additional 52,000 shares during the period. Deutsche Bank AG raised its holdings in Stride by 10.4% during the 1st quarter. Deutsche Bank AG now owns 617,894 shares of the company’s stock worth $78,164,000 after buying an additional 58,029 shares during the period. Driehaus Capital Management LLC raised its holdings in Stride by 12.3% during the 1st quarter. Driehaus Capital Management LLC now owns 613,820 shares of the company’s stock worth $77,648,000 after buying an additional 67,184 shares during the period. Finally, Northern Trust Corp raised its holdings in Stride by 1.3% during the 1st quarter. Northern Trust Corp now owns 467,774 shares of the company’s stock worth $59,173,000 after buying an additional 5,820 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Stride Trading Up 1.2%

Shares of LRN stock opened at $150.07 on Tuesday. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $171.17. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $149.96 and its two-hundred day moving average is $143.78. The company has a market cap of $6.55 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.22.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, beating 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 company had revenue of $653.65 million for the quarter, compared to the consensus estimate of $626.23 million. During the same quarter last year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Equities analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Barrington Research restated an “outperform” rating and set a $185.00 price objective on shares of Stride in a report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Stride from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average 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.