Occudo Quantitative Strategies LP Purchases Shares of 5,450 Stride, Inc. (NYSE:LRN)

Occudo Quantitative Strategies LP acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,450 shares of the company's stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. purchased a new stake in Stride during the 4th quarter valued at $5,696,000. Congress Asset Management Co. grew its holdings in shares of Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock worth $60,128,000 after acquiring an additional 43,829 shares during the period. Aigen Investment Management LP purchased a new stake in Stride during the fourth quarter valued at $995,000. Truist Financial Corp bought a new position in Stride in the fourth quarter valued at about $302,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after acquiring an additional 72,518 shares during the period. Institutional investors own 98.24% of the company's stock.

Stride Stock Performance

Stride stock traded down $0.79 during midday trading on Tuesday, hitting $156.16. The stock had a trading volume of 105,814 shares, compared to its average volume of 826,716. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The company has a market capitalization of $6.80 billion, a PE ratio of 26.06, a P/E/G ratio of 1.04 and a beta of 0.36. The firm's fifty day moving average is $137.10 and its two-hundred day moving average is $123.73. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The business's revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. On average, research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group upped their price target 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. William Blair reaffirmed an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, Barrington Research boosted their price objective on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

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.