Corton Capital Inc. Invests $273,000 in Stride, Inc. $LRN

Corton Capital Inc. bought a new stake in Stride, Inc. (NYSE:LRN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,880 shares of the company’s stock, valued at approximately $273,000.

Several other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in Stride during the first quarter worth approximately $316,000. New York State Teachers Retirement System boosted its position in Stride by 17.9% during the first quarter. New York State Teachers Retirement System now owns 23,673 shares of the company’s stock worth $2,995,000 after purchasing an additional 3,600 shares during the period. DAVENPORT & Co LLC bought a new stake in shares of Stride in the first quarter valued at approximately $461,000. Keybank National Association OH boosted its position in shares of Stride by 65.8% in the first quarter. Keybank National Association OH now owns 6,413 shares of the company’s stock valued at $811,000 after acquiring an additional 2,544 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after acquiring an additional 156 shares during the period. Institutional investors own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LRN shares. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Canaccord Genuity Group increased their price objective on Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Barrington Research reduced 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. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Morgan Stanley increased their price objective on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.75.

Insider Buying and Selling

In related news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Stride Stock Up 1.8%

Shares of NYSE LRN opened at $67.92 on Monday. The business has a fifty day moving average of $146.31 and a two-hundred day moving average of $145.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.27 and a current ratio of 6.78. Stride, Inc. has a 52-week low of $65.11 and a 52-week high of $171.17. The stock has a market cap of $2.98 billion, a PE ratio of 10.48, a PEG ratio of 0.40 and a beta of 0.07.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Stride had a return on equity of 26.29% and a net margin of 12.76%.The business had revenue of $620.88 million during the quarter, compared to analysts’ expectations of $615.50 million. During the same period in the previous year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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.

Stride 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.