Burney Co. Increases Stock Holdings in Stride, Inc. $LRN

Burney Co. increased its position in Stride, Inc. (NYSE:LRN) by 24.5% in the second quarter, Holdings Channel.com reports. The fund owned 56,476 shares of the company’s stock after acquiring an additional 11,128 shares during the quarter. Burney Co.’s holdings in Stride were worth $8,200,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 160 shares during the period. First Horizon Advisors Inc. grew its position in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after purchasing an additional 156 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Stride by 374.6% during the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock valued at $43,000 after purchasing an additional 266 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Stride in the first quarter worth $43,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were 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 of the company’s stock, valued at $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LRN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Stride in a research note on Wednesday, October 8th. Barrington Research lowered their price target on Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Canaccord Genuity Group boosted their price objective on Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Morgan Stanley upped their price objective 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, Zacks Research downgraded shares of Stride from a “strong-buy” rating to a “hold” rating in a research note on Thursday. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Stride Stock Up 1.8%

Shares of LRN opened at $67.92 on Monday. The firm has a market cap of $2.98 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.40 and a beta of 0.07. The stock has a 50 day simple moving average of $146.31 and a two-hundred day simple moving average of $145.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 6.78 and a quick ratio of 5.27. Stride, Inc. has a 1 year low of $65.11 and a 1 year high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. The firm had revenue of $620.88 million for the quarter, compared to the consensus estimate of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts forecast 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.