Atria Investments Inc Trims Stock Holdings in Stride, Inc. $LRN

Atria Investments Inc trimmed its holdings in Stride, Inc. (NYSE:LRN) by 63.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the company’s stock after selling 2,929 shares during the quarter. Atria Investments Inc’s holdings in Stride were worth $248,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’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 value of $2,270,896.26. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets set a $108.00 target price on Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Barrington Research cut 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group lifted their target price on Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average target price of $141.75.

Stride Price Performance

Shares of NYSE:LRN opened at $65.64 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.27 and a current ratio of 6.78. The company has a 50-day simple moving average of $131.00 and a 200-day simple moving average of $141.51. Stride, Inc. has a one year low of $63.86 and a one year high of $171.17. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.40 and a beta of -0.02.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Stride had a net margin of 12.76% and a return on equity of 26.29%. The firm had revenue of $620.88 million for the quarter, compared to analyst estimates of $615.50 million. During the same period last year, the firm posted $0.94 EPS. Stride’s quarterly revenue was up 12.7% on a year-over-year basis. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Stride, Inc. will post 6.67 EPS 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.