Stride (LRN)

Company Profile

Stride, Inc. is reimagining learning - where learning is lifelong, deeply personal, and prepares learners for tomorrow. The company has transformed the teaching and learning experience for millions of people by providing innovative, high-quality, tech-enabled education solutions, curriculum, and programs directly to students, schools, the military, and enterprises in primary, secondary, and post-secondary settings. Stride is a premier provider of K-12 education for students, schools, and districts, including career learning services through middle and high school curriculum. For adult learners, Stride delivers professional skills training in healthcare and technology, as well as staffing and talent development for Fortune 500 companies. Stride has delivered millions of courses over the past decade and serves learners in all 50 states and more than 100 countries. The company is a proud sponsor of the Future of School, a nonprofit organization dedicated to closing the gap between the pace of technology and the pace of change in education.

Company profile

Ticker

LRN

Exchange

NYSE

Website

www.stridelearning.com

CEO

James J. Rhyu

Incorporated

Delaware

Location

Virginia

Fiscal year end

Jun 30

Sector

Educational Services > Elementary and Secondary Schools

Industry (SIC)

Services - Educational Services

Graham • Adtalem Global Education • New Oriental Education & Technology • Perdoceo Education • Zovio • Meta Data Limited • Sunlands Technology • 17 Education & Technology • Ambow Education Holding • Grand Canyon Education ...

Former names

K12 INC

SEC CIK

0001157408

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

K12 Management Inc. • K12 Services Inc. • K12 International Holdings B.V. • LearnBop, Inc. • Disguise the Learning, Inc. • K12 Virtual Schools L.L.C. • K12 Classroom L.L.C. • K12 California L.L.C. • K12 Florida L.L.C. • K12 Washington L.L.C. ...

IRS number

954774688

LRN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$47.00

Low target

$46.00

High target

$48.00

Latest filings (excl ownership)

View all

S-8

Registration of securities for employees

24 Jan 23

Ends Quarter with over 180 Thousand Enrollments

24 Jan 23

8-K

Departure of Directors or Certain Officers

12 Dec 22

DEFA14A

Additional proxy soliciting materials

26 Oct 22

25 Oct 22

Record Career Learning Enrollments

10 Aug 22

Fiscal 2022 Career Learning Revenue Grows More Than 60%, Exceeding $400 Million

9 Aug 22

Transcripts

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LRN

Earnings call transcript

2023 Q2

24 Jan 23

LRN

Earnings call transcript

2023 Q1

25 Oct 22

LRN

Earnings call transcript

2022 Q4

10 Aug 22

LRN

Earnings call transcript

2022 Q3

20 Apr 22

LRN

Earnings call transcript

2022 Q2

26 Jan 22

LRN

Earnings call transcript

2022 Q1

20 Oct 21

LRN

Earnings call transcript

2021 Q4

11 Aug 21

LRN

Earnings call transcript

2021 Q3

21 Apr 21

LRN

Earnings call transcript

2021 Q2

27 Jan 21

LRN

Earnings call transcript

2021 Q1

26 Oct 20

Latest ownership filings

View all

DIMENSIONAL FUND ADVISORS LP

Financial summary

Financial statements Chart LRN financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Stride earnings reports.

Institutional ownership, Q4 2022

LRN institutional ownership history Ownership history

96.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	212	219	-3.2%
Opened positions	36	50	-28.0%
Closed positions	43	45	-4.4%
Increased positions	71	77	-7.8%
Reduced positions	76	63	+20.6%

13F shares	Current	Prev Q	Change
Total value	1.28 tn	4.12 bn	+31073.4%
Total shares	41.53 mm	41.93 mm	-1.0%
Total puts	239.30 k	252.10 k	-5.1%
Total calls	365.20 k	611.00 k	-40.2%
Total put/call ratio	0.7	0.4	+58.8%

Largest owners	Shares	Value	Change
BLK Blackrock	6.63 mm	$207.50 bn	-1.5%
Vanguard	4.74 mm	$148.38 bn	-5.1%
Dimensional Fund Advisors	3.14 mm	$99.71 bn	+4.4%
Boston Partners	2.20 mm	$72.79 bn	-29.2%
MS Morgan Stanley	1.52 mm	$47.43 bn	+11.1%
STT State Street	1.31 mm	$41.03 bn	NEW
Rice Hall James & Associates	1.23 mm	$38.54 bn	-1.5%
JHG Janus Henderson	1.22 mm	$38.23 bn	+0.7%
Standard Life Aberdeen	1.21 mm	$37.89 bn	+10.4%
IVZ Invesco	1.20 mm	$37.65 bn	-4.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.31 mm	+1.31 mm	NEW
Boston Partners	2.20 mm	-909.63 k	-29.2%
Portolan Capital Management	77.72 k	-584.31 k	-88.3%
Norges Bank	429.40 k	+429.40 k	NEW
Invenomic Capital Management	509.40 k	+394.20 k	+342.2%
American Century Companies	36.03 k	-311.78 k	-89.6%
Millennium Management	331.36 k	+302.32 k	+1040.9%
Ophir Asset Management Pty	589.47 k	-271.28 k	-31.5%
Vanguard	4.74 mm	-256.52 k	-5.1%
Lord, Abbett & Co.	0.00	-221.70 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LRN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Feb 23	Donna Blackman	Common Stock	Payment of exercise	Dispose F	No	No	42.66	226	9.64 k	40,688
13 Feb 23	Mathis Vincent	Common Stock	Payment of exercise	Dispose F	No	No	42.66	1,415	60.36 k	41,655
13 Feb 23	Les Ottolenghi	Common Stock	Payment of exercise	Dispose F	No	No	42.66	429	18.30 k	52,314
13 Feb 23	James Jeaho Rhyu	Common Stock	Payment of exercise	Dispose F	No	No	42.66	4,419	188.51 k	507,228
12 Feb 23	Donna Blackman	Common Stock	Payment of exercise	Dispose F	No	No	41.6	1,402	58.32 k	40,914
12 Feb 23	Mathis Vincent	Common Stock	Payment of exercise	Dispose F	No	No	41.6	1,736	72.22 k	43,070
12 Feb 23	Les Ottolenghi	Common Stock	Payment of exercise	Dispose F	No	No	41.6	413	17.18 k	52,743
12 Feb 23	James Jeaho Rhyu	Common Stock	Payment of exercise	Dispose F	No	No	41.6	4,273	177.76 k	511,647
26 Jan 23	James Jeaho Rhyu	Common Stock	Sell	Dispose S	No	Yes	40.49	35,531	1.44 mm	515,920
26 Jan 23	James Jeaho Rhyu	Common Stock	Payment of exercise	Dispose F	No	No	40.11	7,799	312.82 k	551,451