K12 Inc. (LRN) Insider Sells $153,930.00 in Stock

K12 Inc. (NYSE:LRN) insider Kevin Chavous sold 7,000 shares of K12 stock in a transaction on Friday, October 26th. The shares were sold at an average price of $21.99, for a total value of $153,930.00. Following the completion of the transaction, the insider now owns 91,440 shares in the company, valued at approximately $2,010,765.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of LRN stock opened at $21.41 on Thursday. The firm has a market cap of $875.82 million, a P/E ratio of 31.49, a PEG ratio of 1.97 and a beta of -0.04. K12 Inc. has a twelve month low of $12.72 and a twelve month high of $24.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.95 and a current ratio of 3.06.

K12 (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.11. The business had revenue of $251.30 million for the quarter, compared to analyst estimates of $226.82 million. K12 had a return on equity of 4.67% and a net margin of 2.91%. K12’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) EPS. Equities research analysts expect that K12 Inc. will post 0.76 EPS for the current fiscal year.



Several brokerages have recently issued reports on LRN. ValuEngine upgraded K12 from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded K12 from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Saturday, October 27th. Barrington Research reiterated a “buy” rating and issued a $22.00 price target on shares of K12 in a research note on Thursday, August 9th. Finally, BMO Capital Markets boosted their price objective on K12 from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.33.

Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC grew its position in K12 by 154.7% during the 2nd quarter. Citadel Advisors LLC now owns 180,668 shares of the company’s stock worth $2,957,000 after acquiring an additional 109,735 shares during the last quarter. OppenheimerFunds Inc. grew its position in K12 by 119.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 23,798 shares of the company’s stock worth $390,000 after acquiring an additional 12,975 shares during the last quarter. Strs Ohio grew its position in K12 by 17.5% during the 2nd quarter. Strs Ohio now owns 50,300 shares of the company’s stock worth $823,000 after acquiring an additional 7,500 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in K12 by 27.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 550,449 shares of the company’s stock worth $9,011,000 after acquiring an additional 119,495 shares during the last quarter. Finally, BlackRock Inc. grew its position in K12 by 5.0% during the 2nd quarter. BlackRock Inc. now owns 2,622,835 shares of the company’s stock worth $42,937,000 after acquiring an additional 125,028 shares during the last quarter. Institutional investors and hedge funds own 82.82% of the company’s stock.

About K12

K12 Inc, a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. The company also offers curriculum and technology solutions for full-time virtual and blended programs; full-time virtual programs, semester courses, and supplemental educational products; teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners.

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Insider Buying and Selling by Quarter for K12 (NYSE:LRN)

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