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

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in Stride stock on January 2nd.

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

  • Sold $15,001 – $50,000 in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) on 1/8/2025.
  • Sold $15,001 – $50,000 in shares of iShares MSCI Eurozone ETF (BATS:EZU) on 1/8/2025.
  • Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/8/2025.
  • Purchased $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 1/2/2025.
  • Purchased $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 1/2/2025.

Stride Price Performance

Shares of NYSE LRN opened at $134.76 on Friday. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $110.56 and a two-hundred day simple moving average of $92.43. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $137.54. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.32.

Stride (NYSE:LRNGet Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 23.16% and a net margin of 12.30%. Analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Institutional Investors Weigh In On Stride

A number of large investors have recently added to or reduced their stakes in LRN. Janus Henderson Group PLC lifted its stake in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after acquiring an additional 13,050 shares during the period. Geode Capital Management LLC lifted its position in shares of Stride by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after purchasing an additional 314,435 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Stride by 72.4% during the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after buying an additional 347,564 shares during the period. Institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LRN shares. Canaccord Genuity Group lifted their target price on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday. Barrington Research boosted their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

View Our Latest Analysis on Stride

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

(Get Free Report)

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.

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