Stride, Inc. (NYSE:LRN) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 2,751.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,459 shares of the company's stock after buying an additional 237,817 shares during the period. Tidal Investments LLC owned 0.57% of Stride worth $25,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LRN. Vanguard Group Inc. raised its position 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 worth $485,706,000 after acquiring an additional 69,888 shares in the last quarter. William Blair Investment Management LLC grew its stake in Stride by 18.0% in the fourth 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 during the last quarter. Janus Henderson Group PLC grew its stake in Stride by 27.6% in the fourth 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 during the last quarter. Geode Capital Management LLC raised its holdings in Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after purchasing an additional 5,694 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after buying an additional 645,835 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Performance

Shares of Stride stock traded up $0.10 during midday trading on Tuesday, hitting $157.05. The company had a trading volume of 645,137 shares, compared to its average volume of 841,886. The company has a fifty day simple moving average of $137.88 and a 200 day simple moving average of $123.96. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.04 and a beta of 0.36. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The company had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. During the same period in the prior year, the business posted $1.60 EPS. The company's quarterly revenue was up 17.8% on a year-over-year basis. As a group, analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRN has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th. Finally, Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Stride has a consensus rating of "Moderate Buy" and an average target price of $126.83.

Stride 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.