Insider Selling: Strategic Education (NASDAQ:STRA) CEO Sells 38,840 Shares of Stock

Strategic Education Inc. (NASDAQ:STRA) CEO Raymond Karl Mcdonnell sold 38,840 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $75.35, for a total transaction of $2,926,594.00. Following the sale, the chief executive officer owned 106,332 shares of the company’s stock, valued at approximately $8,012,116.20. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Strategic Education Price Performance

Strategic Education stock traded up $2.43 during trading hours on Thursday, hitting $78.41. The company had a trading volume of 437,507 shares, compared to its average volume of 229,599. Strategic Education Inc. has a fifty-two week low of $72.17 and a fifty-two week high of $93.45. The firm has a market capitalization of $1.84 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.78 and a beta of 0.55. The firm’s fifty day moving average is $81.12 and its 200-day moving average is $80.70.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.27. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The company had revenue of $311.46 million during the quarter, compared to analyst estimates of $322.29 million. Analysts anticipate that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Strategic Education presently has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Institutional Investors Weigh In On Strategic Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lightrock Netherlands B.V. boosted its position in Strategic Education by 155.7% in the third quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock valued at $20,188,000 after buying an additional 142,915 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Strategic Education in the 3rd quarter worth approximately $1,175,000. Y Intercept Hong Kong Ltd grew its position in Strategic Education by 158.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider’s stock worth $2,188,000 after acquiring an additional 15,588 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Strategic Education by 56.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock valued at $22,307,000 after purchasing an additional 94,955 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in Strategic Education by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after purchasing an additional 48,486 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.