Envestnet Asset Management Inc. Has $24.03 Million Stock Position in Stride, Inc. $LRN

Envestnet Asset Management Inc. reduced its position in Stride, Inc. (NYSE:LRN) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,524 shares of the company’s stock after selling 19,778 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Stride worth $24,032,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of Stride in the 1st quarter worth $792,000. DAVENPORT & Co LLC acquired a new stake in shares of Stride in the 1st quarter worth about $461,000. Asset Management One Co. Ltd. raised its holdings in shares of Stride by 33.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 43,033 shares of the company’s stock worth $6,248,000 after acquiring an additional 10,870 shares during the last quarter. Swedbank AB raised its holdings in shares of Stride by 5.4% in the 1st quarter. Swedbank AB now owns 1,009,726 shares of the company’s stock worth $127,730,000 after acquiring an additional 52,000 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Stride in the 1st quarter worth about $326,000. 98.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on LRN. Zacks Research lowered shares of Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. BMO Capital Markets set a $108.00 target price on shares of Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Morgan Stanley upped 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. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Barrington Research lowered their target price on shares of Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

Stride Price Performance

Stride stock opened at $71.77 on Tuesday. Stride, Inc. has a 52 week low of $65.11 and a 52 week high of $171.17. The stock has a market cap of $3.15 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.40 and a beta of 0.07. The company’s 50 day moving average price is $144.41 and its two-hundred day moving average price is $144.93. The company has a quick ratio of 5.27, a current ratio of 6.78 and a debt-to-equity ratio of 0.32.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. Stride had a return on equity of 26.29% and a net margin of 12.76%.The firm had revenue of $620.88 million during the quarter, compared to analyst estimates of $615.50 million. During the same period last year, the firm posted $0.94 EPS. The business’s 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, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

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.