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

Banco Santander S.A. reduced its holdings in Stride, Inc. (NYSE:LRN) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,365 shares of the company’s stock after selling 290 shares during the period. Banco Santander S.A. owned about 0.05% of Stride worth $1,993,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mendota Financial Group LLC acquired a new stake in shares of Stride in the third quarter worth approximately $86,000. nVerses Capital LLC acquired a new stake in shares of Stride in the second quarter worth approximately $78,000. EntryPoint Capital LLC acquired a new stake in shares of Stride in the first quarter worth approximately $77,000. GAMMA Investing LLC boosted its stake in shares of Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after acquiring an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Stride by 24.2% in the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after acquiring an additional 420 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

NYSE:LRN opened at $103.93 on Friday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $104.68. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4.53 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.78 and a beta of 0.27. The stock’s fifty day moving average is $86.32 and its two-hundred day moving average is $77.77.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Equities analysts expect that Stride, Inc. will post 6.66 EPS for the current year.

Wall Street Analyst Weigh In

LRN has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group initiated coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective on the stock. Finally, Barrington Research lifted their price objective on Stride from $90.00 to $100.00 and gave the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Insider Activity at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction 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 approximately $7,786,209.32. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.