Stride (NYSE:LRN) Director Buys $4,725,569.92 in Stock

Stride, Inc. (NYSE:LRN) Director Dylan Haggart bought 59,188 shares of Stride stock in a transaction dated Friday, October 23rd. The stock was acquired at an average price of $79.84 per share, with a total value of $4,725,569.92. Following the purchase, the director directly owned 1,803,903 shares of the company’s stock, valued at approximately $144,023,615.52. This represents a 3.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Stride Stock Performance

Shares of NYSE LRN traded up $0.70 during midday trading on Tuesday, hitting $79.12. The company’s stock had a trading volume of 917,049 shares. The stock has a fifty day moving average price of $81.70 and a 200 day moving average price of $85.60. Stride, Inc. has a one year low of $60.61 and a one year high of $155.06.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 20th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.07 by $0.30. The business had revenue of $639.38 million during the quarter, compared to the consensus estimate of $612.25 million. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. Sell-side analysts predict that Stride, Inc. will post 8.80 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of analyst reports. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Barrington Research dropped their price objective on Stride from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday. Finally, BMO Capital Markets cut their target price on Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Stride currently has an average rating of “Hold” and a consensus target price of $106.25.

Institutional Trading of Stride

Hedge funds and other institutional investors have recently bought and sold shares of the company. John Boyer Inc. purchased a new stake in Stride in the 3rd quarter worth approximately $67,000. Signaturefd LLC boosted its holdings in Stride by 157.2% in the 3rd quarter. Signaturefd LLC now owns 1,219 shares of the company’s stock valued at $95,000 after purchasing an additional 745 shares during the period. Sterling Capital Management LLC grew its position in shares of Stride by 1,119.3% during the 3rd quarter. Sterling Capital Management LLC now owns 4,609 shares of the company’s stock valued at $359,000 after purchasing an additional 4,231 shares in the last quarter. Optivise Advisory Services LLC purchased a new position in shares of Stride during the 3rd quarter valued at $206,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Stride during the 3rd quarter valued at $198,000. Institutional investors own 98.24% of the company’s stock.

About Stride

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.