K12 Inc (NYSE:LRN) EVP Allison Cleveland sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.66, for a total transaction of $104,496.00. Following the completion of the transaction, the executive vice president now directly owns 99,916 shares in the company, valued at $1,864,432.56. The transaction was disclosed in a document filed with the SEC, which is available through this link.

K12 Inc (NYSE LRN) traded up 0.81% during mid-day trading on Thursday, hitting $18.68. 112,287 shares of the stock traded hands. The company has a market cap of $714.51 million, a price-to-earnings ratio of 123.71 and a beta of -0.18. K12 Inc has a 12 month low of $10.17 and a 12 month high of $21.18. The stock’s 50 day moving average is $19.57 and its 200-day moving average is $18.30.

K12 (NYSE:LRN) last announced its earnings results on Thursday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.16. K12 had a net margin of 0.67% and a return on equity of 3.19%. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $215.69 million. During the same quarter last year, the business earned $0.37 earnings per share. K12’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that K12 Inc will post $0.41 EPS for the current year.

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

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A number of hedge funds have recently made changes to their positions in LRN. Russell Investments Group Ltd. purchased a new stake in shares of K12 during the fourth quarter worth about $4,174,000. State Board of Administration of Florida Retirement System raised its stake in shares of K12 by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,868 shares of the company’s stock worth $564,000 after buying an additional 90 shares during the period. State Street Corp raised its stake in shares of K12 by 3.7% in the fourth quarter. State Street Corp now owns 770,350 shares of the company’s stock worth $13,218,000 after buying an additional 27,630 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of K12 by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,360 shares of the company’s stock worth $42,358,000 after buying an additional 268,503 shares during the period. Finally, Systematic Financial Management LP raised its stake in shares of K12 by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 272,897 shares of the company’s stock worth $4,683,000 after buying an additional 1,535 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

LRN has been the topic of several analyst reports. Zacks Investment Research raised shares of K12 from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating on shares of K12 in a research report on Friday, April 28th. Finally, TheStreet raised shares of K12 from a “c+” rating to a “b-” rating in a research report on Monday, April 3rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. K12 has a consensus rating of “Buy” and a consensus price target of $18.25.

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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