Stride, Inc. (NYSE:LRN) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its stake in shares of Stride, Inc. (NYSE:LRN) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,365 shares of the company’s stock after selling 290 shares during the quarter. Banco Santander S.A.’s holdings in Stride were worth $1,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of Stride during the 1st quarter worth about $77,000. nVerses Capital LLC acquired a new position in shares of Stride during the 2nd quarter worth about $78,000. Mendota Financial Group LLC purchased a new stake in shares of Stride in the 3rd quarter valued at about $86,000. Advisors Asset Management Inc. lifted its holdings in shares of Stride by 38.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $173,000 after purchasing an additional 754 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after purchasing an additional 643 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on LRN shares. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group initiated coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Citigroup upped their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Canaccord Genuity Group upped their price objective on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.17.

Stride Stock Performance

Shares of LRN stock opened at $103.93 on Friday. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.78 and a beta of 0.27. The stock has a 50 day simple moving average of $86.32 and a 200-day simple moving average of $77.77. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $104.68. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, equities analysts forecast that Stride, Inc. will post 6.66 EPS for the current year.

Insider Buying and Selling

In related news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Stride 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.