Stride, Inc. $LRN Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC trimmed its stake in Stride by 23.6%, selling 256,037 shares and leaving it with 830,842 shares (about 1.89% of the company), valued at roughly $123.7 million.
• Analyst sentiment is mixed with a consensus "Hold" rating (three Buys vs. four Holds) and a consensus target price of $109.75, amid recent downgrades and lower price targets from firms like Morgan Stanley.
• Stride shares opened at $84.25, implying a market cap of $3.59 billion and a PE ratio of 12.82, with a 52‑week range of $60.61 to $171.17.

Squarepoint Ops LLC trimmed its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 23.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 830,842 shares of the company's stock after selling 256,037 shares during the period. Squarepoint Ops LLC owned about 1.89% of Stride worth $123,746,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Stride during the 2nd quarter worth approximately $25,000. Financial Management Professionals Inc. acquired a new stake in shares of Stride in the 3rd quarter valued at $26,000. Penserra Capital Management LLC purchased a new stake in shares of Stride during the 2nd quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company's stock worth $28,000 after purchasing an additional 85 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Stride during the second quarter worth $30,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LRN shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Morgan Stanley lowered their price target on Stride from $130.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday, December 17th. Barrington Research reiterated an "outperform" rating and issued a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Stride in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Stride from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.75.

Stride Trading Up 0.5%

NYSE:LRN opened at $84.25 on Friday. The company has a market capitalization of $3.59 billion, a PE ratio of 12.82, a P/E/G ratio of 0.50 and a beta of 0.12. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The stock's 50 day moving average price is $80.00 and its 200 day moving average price is $97.79. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31.

Stride Profile

Stride, Inc NYSE: LRN is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company's blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.

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