Barclays PLC Sells 214,149 Shares of Stride, Inc. (NYSE:LRN)

Barclays PLC trimmed its position in shares of Stride, Inc. (NYSE:LRN) by 31.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462,599 shares of the company’s stock after selling 214,149 shares during the period. Barclays PLC owned 1.06% of Stride worth $39,464,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LRN. Mendota Financial Group LLC purchased a new stake in Stride in the 3rd quarter worth $86,000. nVerses Capital LLC purchased a new stake in Stride in the 2nd quarter worth $78,000. GAMMA Investing LLC increased its stake in Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after buying an additional 643 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Stride by 24.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after buying an additional 420 shares in the last quarter. Finally, Retirement Guys Formula LLC purchased a new stake in Stride in the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 1.1 %

Shares of NYSE:LRN opened at $106.25 on Friday. 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 12 month low of $54.81 and a 12 month high of $112.80. The company has a 50-day moving average price of $94.03 and a 200 day moving average price of $81.84. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN) last announced its quarterly 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. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Stride, Inc. will post 6.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price target on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Barrington Research increased their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were 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 owns 85,058 shares of the company’s stock, valued at $7,786,209.32. This trade represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

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.