Sigma Planning Corp Purchases 2,011 Shares of Stride, Inc. $LRN

Sigma Planning Corp grew its position in Stride, Inc. (NYSE:LRN) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,914 shares of the company’s stock after purchasing an additional 2,011 shares during the quarter. Sigma Planning Corp’s holdings in Stride were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new stake in shares of Stride in the 2nd quarter valued at $378,000. Convergence Investment Partners LLC bought a new position in Stride during the second quarter worth $865,000. Nisa Investment Advisors LLC boosted its stake in Stride by 21.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,565 shares of the company’s stock worth $227,000 after acquiring an additional 281 shares in the last quarter. AlphaQuest LLC boosted its stake in Stride by 63.9% during the second quarter. AlphaQuest LLC now owns 5,471 shares of the company’s stock worth $794,000 after acquiring an additional 2,133 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Stride during the second quarter worth $1,853,000. 98.24% of the stock is owned by institutional investors.

Stride Stock Performance

LRN opened at $71.92 on Thursday. The company has a current ratio of 6.78, a quick ratio of 5.27 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $140.48 and its two-hundred day moving average price is $143.97. Stride, Inc. has a 1-year low of $65.11 and a 1-year high of $171.17. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.40 and a beta of -0.01.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping 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 firm had revenue of $620.88 million for the quarter, compared to the consensus estimate of $615.50 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. 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. On average, analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares in the company, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets set a $108.00 target price on shares of Stride and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Barrington Research cut their target price on shares of Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Canaccord Genuity Group increased 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

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.