Stride, Inc. $LRN Shares Sold by Barclays PLC

Barclays PLC cut its stake in Stride, Inc. (NYSE:LRN) by 78.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,999 shares of the company’s stock after selling 697,231 shares during the period. Barclays PLC owned approximately 0.44% of Stride worth $28,894,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Stride by 10.3% during the 2nd quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after buying an additional 165,775 shares during the last quarter. William Blair Investment Management LLC boosted its position in Stride by 37.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after purchasing an additional 410,029 shares during the period. Squarepoint Ops LLC boosted its position in Stride by 88.6% during the 2nd quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock worth $157,804,000 after purchasing an additional 510,641 shares during the period. Geode Capital Management LLC increased its holdings in Stride by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock valued at $151,873,000 after purchasing an additional 24,889 shares in the last quarter. Finally, Norges Bank purchased a new position in Stride in the second quarter valued at about $92,858,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Morgan Stanley reduced their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Price Performance

Shares of NYSE LRN opened at $84.56 on Wednesday. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17. The business has a 50 day moving average price of $78.82 and a two-hundred day moving average price of $98.56. The firm has a market cap of $3.60 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.51 and a beta of 0.12.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.