Asset Management One Co. Ltd. Buys 10,870 Shares of Stride, Inc. $LRN

Asset Management One Co. Ltd. grew its stake in shares of Stride, Inc. (NYSE:LRN) by 33.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,033 shares of the company’s stock after buying an additional 10,870 shares during the quarter. Asset Management One Co. Ltd. owned 0.10% of Stride worth $6,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of Stride during the first quarter valued at about $792,000. DAVENPORT & Co LLC bought a new position in shares of Stride during the first quarter valued at about $461,000. Swedbank AB grew its stake in shares of Stride by 5.4% during the first quarter. Swedbank AB now owns 1,009,726 shares of the company’s stock valued at $127,730,000 after buying an additional 52,000 shares during the last quarter. United Services Automobile Association bought a new position in shares of Stride during the first quarter valued at about $326,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Stride during the first quarter valued at about $273,000. 98.24% of the stock is owned by institutional investors.

Stride Stock Performance

Shares of LRN opened at $154.05 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. Stride, Inc. has a one year low of $89.11 and a one year high of $171.17. The company has a 50-day simple moving average of $152.14 and a two-hundred day simple moving average of $146.73. The firm has a market capitalization of $6.76 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.07.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.23 by $0.17. Stride had a net margin of 11.97% and a return on equity of 25.51%. The business had revenue of $620.88 million during the quarter, compared to analyst estimates of $615.50 million. During the same period last year, the business posted $0.94 earnings per share. Stride’s quarterly revenue was up 12.7% compared to the same quarter last year. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LRN has been the topic of a number of recent research reports. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Barrington Research reiterated an “outperform” rating and set a $185.00 target price on shares of Stride in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Stride in a report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group increased their target price on shares of Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.50.

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.