State of New Jersey Common Pension Fund D Has $2.26 Million Stake in Stride, Inc. $LRN

State of New Jersey Common Pension Fund D lowered its position in Stride, Inc. (NYSE:LRN) by 1.5% during the second quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after acquiring an additional 160 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock worth $34,000 after acquiring an additional 156 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after acquiring an additional 266 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Stride in the 1st quarter worth $43,000. Finally, Geneos Wealth Management Inc. grew 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 buying an additional 131 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $114,895,378.98. This 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 is available at this link. 3.00% of the stock is currently owned by insiders.

Stride Price Performance

LRN stock opened at $154.05 on Wednesday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.87 and a beta of 0.07. The firm’s 50-day moving average price is $152.14 and its two-hundred day moving average price is $146.73. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31. Stride, Inc. has a 12-month low of $89.11 and a 12-month high of $171.17.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.17. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm 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 earned $0.94 EPS. The business’s quarterly revenue 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 analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRN. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. 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 report on Friday, October 24th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Morgan Stanley increased their target price on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Barrington Research restated an “outperform” rating and issued a $185.00 price objective on shares of Stride in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and an average target price 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.