Joseph Zarella Sells 25,231 Shares of K12 Inc. (LRN) Stock

K12 Inc. (NYSE:LRN) EVP Joseph Zarella sold 25,231 shares of K12 stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $20.55, for a total transaction of $518,497.05. Following the completion of the transaction, the executive vice president now owns 116,746 shares of the company’s stock, valued at approximately $2,399,130.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Joseph Zarella also recently made the following trade(s):

  • On Wednesday, May 3rd, Joseph Zarella sold 12,269 shares of K12 stock. The stock was sold at an average price of $20.54, for a total transaction of $252,005.26.

Shares of K12 Inc. (NYSE:LRN) traded down 0.7965% during midday trading on Friday, reaching $19.2058. 43,944 shares of the company’s stock traded hands. The firm has a market capitalization of $734.62 million, a PE ratio of 127.1907 and a beta of 0.11. K12 Inc. has a one year low of $10.17 and a one year high of $21.18. The stock’s 50-day moving average price is $19.63 and its 200 day moving average price is $17.42.

K12 (NYSE:LRN) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.16. K12 had a return on equity of 2.81% and a net margin of 1.24%. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that K12 Inc. will post $0.41 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price objective on shares of K12 in a research note on Wednesday, April 12th. TheStreet raised shares of K12 from a “c+” rating to a “b-” rating in a research note on Monday, April 3rd. Finally, Zacks Investment Research cut shares of K12 from a “hold” rating to a “sell” rating in a research note on Monday, January 30th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.25.

Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of K12 by 639.9% in the first quarter. Acrospire Investment Management LLC now owns 6,541 shares of the company’s stock valued at $125,000 after buying an additional 5,657 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of K12 during the fourth quarter valued at about $198,000. 1st Global Advisors Inc. bought a new stake in shares of K12 during the first quarter valued at about $223,000. Susquehanna International Group LLP bought a new stake in shares of K12 during the third quarter valued at about $224,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of K12 during the first quarter valued at about $255,000. Hedge funds and other institutional investors own 76.91% of the company’s stock.

K12 Company Profile

K12 Inc (K12) is a technology-based education company. The Company offers curriculum, software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a continuum of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools and families.

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