Stride, Inc. (NYSE:LRN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,653 shares of the company's stock after selling 95,889 shares during the period. Nuveen Asset Management LLC owned approximately 0.56% of Stride worth $25,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Stride by 1.5% in 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 raised its holdings in shares of Stride by 18.0% in 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. Janus Henderson Group PLC raised its holdings in shares of Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock valued at $155,251,000 after purchasing an additional 323,275 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Stride by 0.6% in 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. Finally, Principal Financial Group Inc. raised its holdings in shares of Stride by 293.1% in 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. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

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

Stride Stock Up 1.1%

NYSE:LRN traded up $1.68 during midday trading on Tuesday, hitting $154.68. 392,739 shares of the company were exchanged, compared to its average volume of 841,209. The company has a fifty day simple moving average of $140.52 and a 200 day simple moving average of $125.72. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.73 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS 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 during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.