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New York State Teachers Retirement System Makes New $131,000 Investment in Stride, Inc. (NYSE:LRN)

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New York State Teachers Retirement System bought a new position in shares of Stride, Inc. (NYSE:LRNGet Rating) during the 1st quarter, Holdings Channel reports. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $131,000.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners grew its stake in shares of Stride by 0.9% during the 4th quarter. Boston Partners now owns 2,467,324 shares of the company’s stock worth $81,893,000 after acquiring an additional 22,249 shares in the last quarter. abrdn plc grew its stake in shares of Stride by 4.3% during the 4th quarter. abrdn plc now owns 1,571,233 shares of the company’s stock worth $52,369,000 after acquiring an additional 64,564 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Stride by 145.9% during the 4th quarter. Brown Advisory Inc. now owns 972,831 shares of the company’s stock worth $32,424,000 after acquiring an additional 577,161 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Stride by 1.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 688,239 shares of the company’s stock worth $22,939,000 after acquiring an additional 13,019 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Stride by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,955 shares of the company’s stock valued at $16,631,000 after buying an additional 7,285 shares in the last quarter. 85.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stride

In other Stride news, Chairman Nathaniel A. Davis sold 47,983 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $39.00, for a total transaction of $1,871,337.00. Following the completion of the sale, the chairman now owns 227,803 shares of the company’s stock, valued at approximately $8,884,317. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Vincent Mathis sold 53,506 shares of Stride stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $36.78, for a total transaction of $1,967,950.68. Following the completion of the sale, the executive vice president now owns 40,562 shares of the company’s stock, valued at $1,491,870.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Nathaniel A. Davis sold 47,983 shares of Stride stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $39.00, for a total value of $1,871,337.00. Following the sale, the chairman now directly owns 227,803 shares of the company’s stock, valued at approximately $8,884,317. The disclosure for this sale can be found here. Insiders own 6.14% of the company’s stock.

Stride Trading Up 2.3 %

Shares of Stride stock opened at $44.17 on Thursday. The business has a fifty day simple moving average of $38.34 and a two-hundred day simple moving average of $35.65. Stride, Inc. has a 1 year low of $25.65 and a 1 year high of $44.24. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 0.78 and a beta of 0.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.48 and a quick ratio of 3.39.

Stride (NYSE:LRNGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.18. Stride had a return on equity of 11.78% and a net margin of 5.50%. The business had revenue of $421.72 million during the quarter, compared to the consensus estimate of $410.73 million. During the same quarter last year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts forecast that Stride, Inc. will post 2.53 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LRN shares. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. Morgan Stanley raised their target price on shares of Stride from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Barrington Research raised their target price on shares of Stride from $45.00 to $50.00 in a research note on Wednesday, April 20th.

Stride Company Profile

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Stride, Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.

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