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

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 Trading Down 0.2 %

Shares of LRN stock opened at $134.49 on Friday. The stock has a fifty day simple moving average of $122.20 and a two-hundred day simple moving average of $100.83. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The firm has a market capitalization of $5.86 billion, a PE ratio of 22.45, a PEG ratio of 1.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Stride

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after buying an additional 645,835 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Stride in the 3rd quarter valued at about $45,616,000. Norges Bank purchased a new position in Stride in the fourth quarter worth about $45,306,000. Arrowstreet Capital Limited Partnership increased its stake in Stride by 783.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock worth $47,095,000 after acquiring an additional 401,838 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Stride by 18.0% during the fourth 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. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.

About Stride

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.