2,027 Shares in Stride, Inc. $LRN Acquired by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. acquired 2,027 shares of Stride, Inc. (NYSE: LRN) in Q2, valued at approximately $294,000.
• Analysts have given Stride a consensus rating of "Moderate Buy", with Barrington Research setting a target price of $185.00 per share.
• CEO James Jeaho Rhyu sold 13,961 shares of Stride stock, decreasing his position by 1.94% and bringing his total ownership to 706,353 shares worth about $114.9 million.

Atria Wealth Solutions Inc. acquired a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,027 shares of the company's stock, valued at approximately $294,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Yousif Capital Management LLC boosted its holdings in Stride by 1.8% in the 2nd quarter. Yousif Capital Management LLC now owns 16,167 shares of the company's stock worth $2,347,000 after buying an additional 282 shares during the period. MGO One Seven LLC bought a new position in Stride in the 2nd quarter worth approximately $570,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Stride by 19.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,877 shares of the company's stock worth $418,000 after buying an additional 465 shares during the period. Vontobel Holding Ltd. bought a new position in Stride in the 2nd quarter worth approximately $297,000. Finally, Maryland State Retirement & Pension System lifted its stake in Stride by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company's stock worth $1,831,000 after purchasing an additional 109 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Stride Stock Performance

Stride stock opened at $152.15 on Wednesday. The stock has a market cap of $6.64 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 0.83 and a beta of 0.07. The firm's fifty day moving average price is $152.92 and its 200-day moving average price is $145.80. Stride, Inc. has a fifty-two week low of $63.36 and a fifty-two week high of $171.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. The company had revenue of $653.65 million for the quarter, compared to analysts' expectations of $626.23 million. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm's revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. On average, equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

About Stride

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.

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