Candriam S.C.A. Sells 22,997 Shares of Stride, Inc. $LRN

Candriam S.C.A. lessened its stake in shares of Stride, Inc. (NYSE:LRN) by 12.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 166,146 shares of the company’s stock after selling 22,997 shares during the period. Candriam S.C.A.’s holdings in Stride were worth $24,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LRN. Golden State Wealth Management LLC grew its stake in Stride by 37.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. Rezny Wealth Management Inc. lifted its position in Stride by 0.6% during the 2nd quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock worth $2,055,000 after acquiring an additional 83 shares during the last quarter. Vident Advisory LLC boosted its holdings in Stride by 2.9% during the first quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock valued at $372,000 after acquiring an additional 84 shares during the period. Vestcor Inc grew its position in shares of Stride by 4.6% in the first quarter. Vestcor Inc now owns 2,328 shares of the company’s stock valued at $294,000 after purchasing an additional 102 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in shares of Stride by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock worth $1,831,000 after purchasing an additional 109 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 1.0%

Shares of LRN stock opened at $64.93 on Friday. Stride, Inc. has a 52-week low of $63.86 and a 52-week high of $171.17. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.40 and a beta of -0.02. 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 firm has a fifty day moving average of $129.05 and a 200-day moving average of $140.98.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. BMO Capital Markets set a $108.00 price target on Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. 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 research report on Friday, October 24th. Finally, Barrington Research reduced their price target on shares of Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Insider Buying and Selling at Stride

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

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.