Stride, Inc. (NYSE:LRN) Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. reduced its position in shares of Stride, Inc. (NYSE:LRN) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,049 shares of the company’s stock after selling 2,101 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Stride were worth $3,331,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quest Partners LLC raised its holdings in Stride by 20,248.8% in the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after acquiring an additional 8,302 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Stride by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock worth $2,850,000 after purchasing an additional 251 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after purchasing an additional 314,435 shares during the period. Natixis Advisors LLC grew its position in shares of Stride by 47.4% during the third quarter. Natixis Advisors LLC now owns 181,910 shares of the company’s stock worth $15,518,000 after acquiring an additional 58,487 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Stride by 72.4% during the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after acquiring an additional 347,564 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Stride Trading Up 0.1 %

Shares of Stride stock opened at $101.63 on Wednesday. The company’s fifty day simple moving average is $85.37 and its 200-day simple moving average is $77.41. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.75 and a beta of 0.27. 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, Inc. has a 1 year low of $54.81 and a 1 year high of $103.98.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million during 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 business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts expect that Stride, Inc. will post 6.66 EPS for the current year.

Analysts Set New Price Targets

LRN has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group increased their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group assumed coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barrington Research raised their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.17.

Stride Company 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.