Perpetual Ltd Decreases Stake in Stride, Inc. $LRN

Perpetual Ltd cut its holdings in shares of Stride, Inc. (NYSE:LRN) by 70.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,740 shares of the company’s stock after selling 15,840 shares during the quarter. Perpetual Ltd’s holdings in Stride were worth $1,004,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LRN. Northern Trust Corp increased its holdings in shares of Stride by 1.3% in the first quarter. Northern Trust Corp now owns 467,774 shares of the company’s stock valued at $59,173,000 after purchasing an additional 5,820 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Stride during the 1st quarter worth $43,000. AlphaQuest LLC boosted its position in shares of Stride by 267.6% during the 1st quarter. AlphaQuest LLC now owns 3,338 shares of the company’s stock valued at $422,000 after acquiring an additional 2,430 shares during the last quarter. Comerica Bank boosted its position in shares of Stride by 39.4% during the 1st quarter. Comerica Bank now owns 60,059 shares of the company’s stock valued at $7,598,000 after acquiring an additional 16,987 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of Stride in the first quarter valued at about $572,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride News Roundup

Here are the key news stories impacting Stride this week:

• Neutral Sentiment: Lead‑plaintiff deadline set — Investors who purchased LRN between October 22, 2024 and October 28, 2025 have until January 12, 2026 to seek appointment as lead plaintiff; multiple firms are circulating notices. This is procedural but concentrates potential litigation claims and claimant activity. Berger Montague notice
• Negative Sentiment: Multiple class actions and firm investigations — Numerous plaintiff firms (Robbins LLP, Glancy Prongay & Murray, Johnson Fistel, Faruqi & Faruqi, Levi & Korsinsky, Hagens Berman, others) have filed or announced investigations alleging Stride misled investors about enrollment metrics and concealed a catastrophic technology/platform failure. Those allegations underpin potential damages and reputational risk. Robbins LLP notice
• Negative Sentiment: Allegations point to “ghost students” and concealed operational failure — Hagens Berman highlights claims linking alleged inflated enrollment and a failed platform upgrade to a ~54% stock drop, framing a narrative of operational and disclosure failures that could amplify damages if proven. Hagens Berman alert
• Negative Sentiment: Analyst action increases downside pressure — Morgan Stanley cut LRN’s price target (reported reductions from $130 to $95) and issued a negative forecast, signaling lowered forward expectations from a major sell‑side firm which can pressure sentiment and institutional holdings. MSN: Morgan Stanley cut
• Negative Sentiment: What investors should watch — potential outcomes include further analyst downgrades, regulatory inquiries, settlement or trial costs, and management turnover; any of these could materially affect earnings and valuation. Elevated trading volume shows investors are reacting now to news flow rather than fundamentals. (No link)

Stride Stock Up 0.4%

Shares of NYSE LRN opened at $66.06 on Monday. The company has a quick ratio of 6.69, a current ratio of 6.78 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $85.33 and its two-hundred day moving average is $124.55. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.40 and a beta of 0.03.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. The business had revenue of $620.88 million during the quarter, compared to analyst estimates of $615.50 million. Stride had a return on equity of 26.29% and a net margin of 12.76%.The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. Research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. BMO Capital Markets set a $108.00 price target on shares of Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Morgan Stanley decreased their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Barrington Research lowered their price objective on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Stride in a research note on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.75.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.