Today, the Chairman & CEO of K12 Inc (LRN), Nathaniel Davis, sold shares of LRN for $2.91M.
Following Nathaniel Davis’ last LRN Sell transaction on May 05, 2017, the stock climbed by 9.5%. This is Davis’ first transaction since reporting a Sell transaction on RLJ back in September 2017
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Based on K12 Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $255 million and quarterly net profit of $23.71 million. In comparison, last year the company earned revenue of $217 million and had a net profit of $13.26 million. LRN’s market cap is $1.19B and the company has a P/E ratio of 31.98. Currently, K12 Inc has an average volume of 421.8K.
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K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The company was founded by Ronald J. Packard in 2000 and is headquartered in Herndon, VA.
