K12 Inc (NYSE:LRN) CFO Sells $180,000.00 in Stock
K12 Inc (NYSE:LRN) CFO James Jeaho Rhyu sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $18.00, for a total value of $180,000.00. Following the transaction, the chief financial officer now owns 255,624 shares in the company, valued at $4,601,232. The sale was disclosed in a document filed with the SEC, which is available at this link.
James Jeaho Rhyu also recently made the following trade(s):
- On Wednesday, June 21st, James Jeaho Rhyu sold 10,000 shares of K12 stock. The shares were sold at an average price of $18.20, for a total value of $182,000.00.
- On Wednesday, June 7th, James Jeaho Rhyu sold 5,000 shares of K12 stock. The shares were sold at an average price of $18.55, for a total value of $92,750.00.
- On Tuesday, June 6th, James Jeaho Rhyu sold 5,000 shares of K12 stock. The shares were sold at an average price of $18.79, for a total value of $93,950.00.
Shares of K12 Inc (NYSE LRN) traded up 3.30% during trading on Thursday, reaching $18.47. The company’s stock had a trading volume of 159,557 shares. The firm has a market cap of $706.48 million, a P/E ratio of 122.32 and a beta of -0.21. 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 is $18.92 and its 200 day moving average is $18.49.
K12 (NYSE:LRN) last released its earnings results on Thursday, April 27th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.16. K12 had a return on equity of 3.19% and a net margin of 0.67%. The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that K12 Inc will post $0.41 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in LRN. Acrospire Investment Management LLC boosted its stake in K12 by 639.9% in the first quarter. Acrospire Investment Management LLC now owns 6,541 shares of the company’s stock worth $125,000 after buying an additional 5,657 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in K12 during the first quarter worth approximately $223,000. UBS Asset Management Americas Inc. bought a new stake in K12 during the first quarter worth approximately $255,000. Citadel Advisors LLC bought a new stake in K12 during the first quarter worth approximately $262,000. Finally, Victory Capital Management Inc. bought a new stake in K12 during the first quarter worth approximately $299,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.
LRN has been the topic of several recent analyst reports. Zacks Investment Research upgraded K12 from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, June 29th. BMO Capital Markets restated a “buy” rating on shares of K12 in a research note on Friday, April 28th. Finally, TheStreet upgraded K12 from a “c+” rating to a “b-” rating in a research note on Monday, April 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.75.
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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