Lisanti Capital Growth LLC Reduces Stock Position in Stride, Inc. $LRN

Key Points

• Lisanti Capital Growth LLC cut its stake in Stride by 32.7% in Q2, selling 13,460 shares and ending the quarter with 27,695 shares worth $4.021 million.
• Several institutional investors (including Acadian Asset Management and Future Fund LLC) opened or increased positions in Q2, leaving institutional ownership at approximately 98.24%.
• CEO James Jeaho Rhyu sold 13,961 shares on August 19 at $162.66 for about $2.27 million (a 1.94% reduction), while analyst coverage is mixed with a consensus rating of "Moderate Buy" and a $141.75 price target.

Lisanti Capital Growth LLC cut its stake in Stride, Inc. (NYSE:LRN - Free Report) by 32.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,695 shares of the company's stock after selling 13,460 shares during the quarter. Lisanti Capital Growth LLC owned about 0.06% of Stride worth $4,021,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LRN. Future Fund LLC purchased a new stake in shares of Stride during the 2nd quarter valued at $962,000. Acadian Asset Management LLC bought a new position in shares of Stride during the second quarter valued at $4,438,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Stride during the second quarter valued at approximately $215,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Stride in the 2nd quarter worth approximately $1,184,000. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Stride by 4.8% in the second quarter. Global Alpha Capital Management Ltd. now owns 23,014 shares of the company's stock worth $3,341,000 after purchasing an additional 1,060 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Stride in a research note on Wednesday, October 8th. Morgan Stanley upped 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. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. 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. Finally, Zacks Research downgraded Stride from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Stride presently has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Insider Activity

In other Stride 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 transaction of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Stride Stock Performance

Shares of NYSE:LRN opened at $71.72 on Friday. The business's 50 day moving average price is $136.74 and its 200-day moving average price is $143.07. Stride, Inc. has a 1 year low of $65.11 and a 1 year high of $171.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 6.78 and a quick ratio of 5.27. The firm has a market capitalization of $3.15 billion, a PE ratio of 11.07, a P/E/G ratio of 0.40 and a beta of -0.02.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping 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 business had revenue of $620.88 million for the quarter, compared to analyst estimates of $615.50 million. During the same period last year, the company posted $0.94 EPS. The business'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. As a group, equities research analysts expect that Stride, Inc. will post 6.67 earnings per share 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.

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