State of New Jersey Common Pension Fund D Sells 241 Shares of Stride, Inc. $LRN

State of New Jersey Common Pension Fund D lowered its holdings in shares of Stride, Inc. (NYSE:LRN) by 1.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,568 shares of the company’s stock after selling 241 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Stride were worth $2,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rezny Wealth Management Inc. lifted its stake in shares of Stride by 0.6% in the second quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock worth $2,055,000 after buying an additional 83 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Stride by 2.9% in the first quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock worth $372,000 after buying an additional 84 shares in the last quarter. Vestcor Inc lifted its stake in shares of Stride by 4.6% in the first quarter. Vestcor Inc now owns 2,328 shares of the company’s stock worth $294,000 after buying an additional 102 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Stride by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock valued at $1,831,000 after purchasing an additional 109 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 0.9%

LRN stock 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. The company has a market capitalization of $6.76 billion, a PE ratio of 25.59, a P/E/G ratio of 0.87 and a beta of 0.07. The firm’s 50-day moving average is $152.14 and its 200 day moving average is $146.73. Stride, Inc. has a 12 month low of $89.11 and a 12 month high of $171.17.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, October 28th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $615.50 million. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction that occurred on 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 transaction, the chief executive officer owned 706,353 shares of the company’s stock, valued at $114,895,378.98. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LRN has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Morgan Stanley increased their price objective on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Canaccord Genuity Group increased their price objective 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $185.00 target price on shares of Stride in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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.