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

Barclays PLC lowered its position in Stride, Inc. (NYSE:LRN) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462,599 shares of the company’s stock after selling 214,149 shares during the period. Barclays PLC’s holdings in Stride were worth $39,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LRN. Blue Trust Inc. increased its position in shares of Stride by 795.5% during the second quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock worth $814,000 after acquiring an additional 10,254 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Stride during the second quarter worth approximately $534,000. International Assets Investment Management LLC increased its position in shares of Stride by 8,431.7% during the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after acquiring an additional 5,059 shares during the period. Quest Partners LLC increased its position in shares of Stride by 20,248.8% during the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after acquiring an additional 8,302 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Stride by 24.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after acquiring an additional 7,100 shares during the period. Institutional investors own 98.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares in the company, valued at approximately $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $106.25 on Friday. The firm’s fifty day simple moving average is $94.03 and its two-hundred day simple moving average is $81.84. 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 firm has a market capitalization of $4.63 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.80 and a beta of 0.30.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barrington Research lifted 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. Canaccord Genuity Group lifted their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted 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. Citigroup lifted their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley lifted 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

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.