K12 Inc. (NYSE:LRN) insider Nathaniel A. Davis sold 2,500 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $20.46, for a total transaction of $51,150.00. Following the sale, the insider now directly owns 788,695 shares in the company, valued at approximately $16,136,699.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of K12 Inc. (NYSE:LRN) traded down 1.72% during midday trading on Friday, reaching $19.94. 249,619 shares of the company’s stock were exchanged. The stock has a market cap of $765.22 million, a PE ratio of 132.05 and a beta of 0.11. K12 Inc. has a 12 month low of $10.17 and a 12 month high of $21.08. The company’s 50 day moving average is $19.21 and its 200-day moving average is $16.98.

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

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A number of equities research analysts have commented on LRN shares. TheStreet raised shares of K12 from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. BMO Capital Markets reissued a “buy” rating on shares of K12 in a report on Friday, April 28th. Finally, Zacks Investment Research lowered shares of K12 from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.25.

Several hedge funds have recently added to or reduced their stakes in LRN. Dimensional Fund Advisors LP boosted its stake in K12 by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,360 shares of the company’s stock valued at $42,358,000 after buying an additional 268,503 shares during the period. State Street Corp boosted its stake in K12 by 3.7% in the fourth quarter. State Street Corp now owns 770,350 shares of the company’s stock valued at $13,218,000 after buying an additional 27,630 shares during the period. Panagora Asset Management Inc. boosted its stake in K12 by 34.2% in the third quarter. Panagora Asset Management Inc. now owns 630,561 shares of the company’s stock valued at $9,048,000 after buying an additional 160,635 shares during the period. AQR Capital Management LLC boosted its stake in K12 by 10.5% in the fourth quarter. AQR Capital Management LLC now owns 485,654 shares of the company’s stock valued at $8,333,000 after buying an additional 45,954 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in K12 by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 473,384 shares of the company’s stock valued at $9,066,000 after buying an additional 12,894 shares during the period. Institutional investors own 76.91% of the company’s stock.

About K12

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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