President of Academic Policy & External Affairs Kevin Chavous Just Sold A Bunch Of Shares In Stride, Inc. (NYSE:LRN)

Some Stride, Inc. (NYSE:LRN) shareholders may be a little concerned to see that the President of Academic Policy & External Affairs, Kevin Chavous, recently sold a substantial US$509k worth of stock at a price of US$22.86 per share. That sale reduced their total holding by 33% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Stride

Stride Insider Transactions Over The Last Year

Notably, that recent sale by Kevin Chavous is the biggest insider sale of Stride shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$22.83. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Kevin Chavous sold a total of 31.28k shares over the year at an average price of US$22.09. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Stride insiders own about US$37m worth of shares. That equates to 4.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Stride Insider Transactions Indicate?

An insider sold Stride shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Stride is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 3 warning signs for Stride (1 is a bit unpleasant!) that we believe deserve your full attention.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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