Stride, Inc. (NYSE:LRN) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC lessened its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 546,636 shares of the company's stock after selling 202,587 shares during the period. Driehaus Capital Management LLC owned about 1.26% of Stride worth $56,812,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Stride by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after purchasing an additional 69,888 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after purchasing an additional 375,686 shares in the last quarter. Geode Capital Management LLC grew its holdings in Stride by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock valued at $100,877,000 after purchasing an additional 5,694 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Stride by 9.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 764,067 shares of the company's stock valued at $79,411,000 after purchasing an additional 65,509 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Performance

Shares of NYSE:LRN traded down $7.17 during trading on Monday, reaching $149.34. 1,566,498 shares of the company's stock traded hands, compared to its average volume of 836,983. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a 50 day moving average of $133.81 and a 200-day moving average of $121.15. The stock has a market capitalization of $6.50 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period in the prior year, the company earned $1.60 EPS. Stride's quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on LRN. William Blair reaffirmed an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Barrington Research boosted their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group boosted their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Stride presently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

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.