Alamar Capital Management LLC Sells 260 Shares of Stride, Inc. $LRN

Alamar Capital Management LLC decreased its position in Stride, Inc. (NYSE:LRN) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,935 shares of the company’s stock after selling 260 shares during the period. Stride comprises 1.6% of Alamar Capital Management LLC’s portfolio, making the stock its 28th biggest position. Alamar Capital Management LLC’s holdings in Stride were worth $2,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Swedbank AB lifted its stake in Stride by 5.4% in the 1st quarter. Swedbank AB now owns 1,009,726 shares of the company’s stock valued at $127,730,000 after acquiring an additional 52,000 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Stride by 10.4% during the 1st quarter. Deutsche Bank AG now owns 617,894 shares of the company’s stock worth $78,164,000 after purchasing an additional 58,029 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Stride by 12.3% during the 1st quarter. Driehaus Capital Management LLC now owns 613,820 shares of the company’s stock worth $77,648,000 after purchasing an additional 67,184 shares in the last quarter. Northern Trust Corp raised its stake in shares of Stride by 1.3% during the 1st quarter. Northern Trust Corp now owns 467,774 shares of the company’s stock worth $59,173,000 after purchasing an additional 5,820 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Stride during the 1st quarter worth approximately $38,835,000. Institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LRN shares. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Barrington Research restated an “outperform” rating and issued a $185.00 price target on shares of Stride in a research note on Tuesday, September 23rd. Finally, Morgan Stanley increased their price target on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This represents a 1.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Stride Stock Performance

Shares of NYSE LRN opened at $151.87 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The stock’s fifty day moving average price is $152.69 and its two-hundred day moving average price is $146.02. Stride, Inc. has a one year low of $87.81 and a one year high of $171.17. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 0.87 and a beta of 0.07.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm had revenue of $653.65 million for the quarter, compared to analyst estimates of $626.23 million. During the same period in the prior year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

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.