Stride (NYSE:LRN) Stock Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on February 27th, the Senator disclosed that they had bought between $1,001 and $15,000 in Stride stock on February 3rd.

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

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Brick (TSE:BRK) on 2/13/2025.
• Sold $100,001 – $250,000 in shares of Vanguard Materials ETF (NYSEARCA:VAW) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Constellation Brands (NYSE:STZ) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of LPL Financial (NASDAQ:LPLA) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 2/13/2025.
• Sold $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/13/2025.

Stride Stock Up 1.9 %

Shares of LRN stock opened at $136.81 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock’s 50 day simple moving average is $122.20 and its 200 day simple moving average is $100.83. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.04 and a beta of 0.32. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on LRN. Canaccord Genuity Group lifted their price target on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research lifted their price target on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.83.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC increased its position in shares of Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after purchasing an additional 93 shares during the period. Arizona State Retirement System boosted its stake in Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Stride by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after buying an additional 100 shares in the last quarter. Finally, Bosun Asset Management LLC boosted its stake in Stride by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock valued at $862,000 after buying an additional 111 shares in the last quarter. 98.24% of the stock is currently owned by 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.