Sen. Markwayne Mullin Sells Stride, Inc. (NYSE:LRN) Stock

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in Stride stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.

Stride Price Performance

Shares of Stride stock opened at $106.34 on Friday. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $112.80. The firm’s 50-day moving average price is $103.17 and its two-hundred day moving average price is $85.43. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 19.33, 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 for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The firm 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 firm posted $0.11 EPS. On average, equities analysts predict that Stride, Inc. will post 6.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms recently issued reports on LRN. BMO Capital Markets lifted their price target on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group raised their price target on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barrington Research boosted their price objective on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley increased their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three equities research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Hedge Funds Weigh In On Stride

Several large investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its holdings in Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after buying an additional 121 shares during the last quarter. Arizona State Retirement System raised its position in shares of Stride by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock valued at $813,000 after acquiring an additional 220 shares during the period. Isthmus Partners LLC boosted its stake in Stride by 4.8% during the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock worth $339,000 after acquiring an additional 222 shares during the last quarter. Amalgamated Bank grew its holdings in Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after purchasing an additional 235 shares during the period. Finally, Sei Investments Co. increased its stake in Stride by 0.6% in the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock valued at $2,834,000 after purchasing an additional 242 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.