Tidal Investments LLC Has $25.61 Million Stock Holdings in Stride, Inc. (NYSE:LRN)

Tidal Investments LLC boosted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 2,751.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,459 shares of the company's stock after buying an additional 237,817 shares during the quarter. Tidal Investments LLC owned about 0.57% of Stride worth $25,614,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Norges Bank acquired a new position in shares of Stride during the 4th quarter worth about $45,306,000. Arrowstreet Capital Limited Partnership boosted its stake in Stride by 783.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock valued at $47,095,000 after purchasing an additional 401,838 shares during the period. William Blair Investment Management LLC boosted its stake in Stride by 18.0% during 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 during the period. Finally, Cat Rock Capital Management LP acquired a new stake in Stride in the 4th quarter valued at approximately $36,694,000. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

LRN traded down $0.43 during trading on Friday, reaching $153.96. 352,483 shares of the company's stock were exchanged, compared to its average volume of 838,755. The company has a market capitalization of $6.70 billion, a P/E ratio of 25.72, 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. The business has a 50 day moving average price of $139.23 and a 200 day moving average price of $124.60. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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 the consensus estimate of $591.15 million. During the same period in the previous year, the firm earned $1.60 EPS. The business's revenue was up 17.8% compared to the same quarter last year. As a group, analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LRN. Barrington Research upped their price target on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.