Stride, Inc. $LRN Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Stride, Inc. by 24.7%, resulting in ownership of 20,787 shares valued at approximately $2.63 million.
• Stride's earnings report revealed a quarterly EPS of $2.29, surpassing estimates of $1.83, and showing a 22.4% year-over-year revenue growth to $653.65 million.
• Analysts have mixed views on Stride, with four giving a Buy rating and two a Hold rating, while the average target price is set at $143.40.

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 24.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,787 shares of the company's stock after selling 6,821 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Stride were worth $2,630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LRN. Larson Financial Group LLC boosted its stake in shares of Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after buying an additional 156 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Stride in the 4th quarter valued at about $41,000. Harbour Investments Inc. boosted its stake in shares of Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after buying an additional 266 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Stride in the 1st quarter valued at about $43,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities 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 Friday, August 22nd. Morgan Stanley boosted their target price on Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Barrington Research boosted their target price on Stride from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.40.

Stride Stock Performance

NYSE LRN traded down $1.26 on Wednesday, reaching $160.49. The stock had a trading volume of 95,869 shares, compared to its average volume of 766,988. 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, Inc. has a 12-month low of $63.25 and a 12-month high of $171.17. The business's 50-day moving average price is $144.83 and its 200 day moving average price is $141.25. The stock has a market cap of $7.00 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.22.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share 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 company had revenue of $653.65 million during the quarter, compared to analysts' expectations of $626.23 million. During the same quarter in the previous year, the business earned $1.42 earnings per share. The firm's revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the business's stock in a transaction that occurred 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 owned 706,353 shares of the company's stock, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

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.