Sen. Markwayne Mullin Sells Off Shares of Stride, Inc. (NYSE:LRN)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Stride stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Stride Trading Down 1.5 %

NYSE LRN opened at $103.93 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The stock has a market capitalization of $4.53 billion, a P/E ratio of 18.90, a PEG ratio of 0.80 and a beta of 0.30. The firm’s 50-day moving average is $102.89 and its two-hundred day moving average is $85.29. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $112.80.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Stride, Inc. will post 6.64 earnings per share for the current year.

Insider Activity at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on LRN. BMO Capital Markets raised their target price on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barrington Research lifted their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group increased their target price on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.50.

Institutional Investors Weigh In On Stride

Several institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its stake in Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after purchasing an additional 121 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Stride by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock worth $813,000 after buying an additional 220 shares during the last quarter. Isthmus Partners LLC boosted its holdings in shares of Stride by 4.8% in the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock valued at $339,000 after buying an additional 222 shares in the last quarter. Amalgamated Bank grew its position in shares of Stride by 1.9% in the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after buying an additional 235 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Stride by 0.6% during the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after acquiring an additional 242 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.