SG Capital Management LLC Makes New $5.86 Million Investment in Stride, Inc. $LRN

SG Capital Management LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,355 shares of the company’s stock, valued at approximately $5,859,000. SG Capital Management LLC owned approximately 0.09% of Stride at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Stride during the first quarter worth $38,835,000. Fiera Capital Corp purchased a new position in Stride during the first quarter worth about $29,526,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Stride by 657.1% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 174,900 shares of the company’s stock worth $25,394,000 after buying an additional 151,800 shares during the last quarter. Candriam S.C.A. grew its holdings in Stride by 214.2% in the 1st quarter. Candriam S.C.A. now owns 189,143 shares of the company’s stock valued at $23,927,000 after buying an additional 128,947 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Stride by 1,399.1% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 97,338 shares of the company’s stock valued at $14,133,000 after acquiring an additional 90,845 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Insider Buying and Selling at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Stride Price Performance

LRN opened at $64.11 on Friday. The company has a market capitalization of $2.81 billion, a P/E ratio of 9.89, a PEG ratio of 0.40 and a beta of -0.02. The company has a 50-day moving average of $127.12 and a 200-day moving average of $140.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.27 and a current ratio of 6.78. Stride, Inc. has a 1-year low of $63.61 and a 1-year high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $620.88 million during the quarter, compared to the consensus estimate of $615.50 million. Stride had a return on equity of 26.29% and a net margin of 12.76%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Canaccord Genuity Group raised their price target on shares of Stride from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stride in a research note on Thursday. Barrington Research decreased their price objective on shares of Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, BMO Capital Markets set a $108.00 target price on Stride and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.75.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.