Acadian Asset Management LLC Makes New Investment in Stride, Inc. $LRN

Acadian Asset Management LLC bought a new stake in shares of Stride, Inc. (NYSE:LRN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,615 shares of the company’s stock, valued at approximately $4,438,000. Acadian Asset Management LLC owned about 0.07% of Stride at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of Stride in the first quarter worth approximately $792,000. Asset Management One Co. Ltd. increased its stake in 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 buying an additional 10,870 shares in the last quarter. Swedbank AB raised its holdings in 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 acquiring an additional 52,000 shares during the period. United Services Automobile Association purchased a new position in shares of Stride in the first quarter valued at about $326,000. Finally, Convergence Investment Partners LLC purchased a new position in shares of Stride in the second quarter valued at about $865,000. 98.24% of the stock is owned by institutional investors.

Insider Activity at Stride

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Canaccord Genuity Group boosted 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. Finally, Zacks Research lowered shares of Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.75.

Stride Stock Down 1.0%

NYSE LRN opened at $64.93 on Friday. The stock has a 50 day moving average price of $129.05 and a 200-day moving average price of $140.98. Stride, Inc. has a one year low of $63.86 and a one year high of $171.17. 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 market capitalization of $2.85 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.40 and a beta of -0.02.

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. The firm had revenue of $620.88 million for the quarter, compared to analysts’ expectations of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

About Stride

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.