Edmond DE Rothschild Holding S.A. Sells 7,151 Shares of Stride, Inc. $LRN

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Stride, Inc. by 21.3%, selling 7,151 shares and owning 26,438 shares worth $3.34 million at the end of the first quarter.
• CEO James Jeaho Rhyu sold 13,961 shares on August 19th for approximately $2.27 million, resulting in a 1.94% decrease in his ownership of the stock.
• Analysts have mixed ratings on Stride, with Barrington Research boosting its target price to $185 while Wall Street Zen downgraded it to a "hold"; overall, the stock has a consensus rating of Moderate Buy.

Edmond DE Rothschild Holding S.A. reduced its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 21.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,438 shares of the company's stock after selling 7,151 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.06% of Stride worth $3,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRN. Northern Trust Corp grew its stake in shares of Stride by 9.8% during the fourth quarter. Northern Trust Corp now owns 461,954 shares of the company's stock valued at $48,011,000 after buying an additional 41,205 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Stride during the fourth quarter worth about $29,514,000. Balyasny Asset Management L.P. boosted its holdings in shares of Stride by 368.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 84,237 shares of the company's stock worth $8,755,000 after purchasing an additional 66,260 shares during the period. Crestline Management LP purchased a new stake in shares of Stride during the fourth quarter worth about $307,000. Finally, Corton Capital Inc. purchased a new stake in shares of Stride during the fourth quarter worth about $201,000. 98.24% of the stock is owned by institutional investors.

Insider Transactions at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LRN shares. Barrington Research increased their target price on shares of Stride from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wall Street Zen lowered shares of Stride from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, 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 report on Wednesday, August 6th. Four equities 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 currently has an average rating of "Moderate Buy" and a consensus price target of $146.40.

Stride Price Performance

LRN stock opened at $162.14 on Friday. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $171.17. The company has a market cap of $7.07 billion, a P/E ratio of 26.93, a PEG ratio of 0.93 and a beta of 0.22. The firm has a 50-day moving average of $145.58 and a 200 day moving average of $141.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27.

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