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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.
Stride logo

Company profile

Ticker
LRN
Exchange
NYSE
Website
www.stridelearning.com
CEO
James J. Rhyu
Employees
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 • Gaotu Techedu ...
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$47.00
Low target
$46.00
High target
$48.00
BMO Capital
Maintains
Outperform
$48.00
26 Jan 23
Morgan Stanley
Maintains
Overweight
$46.00
25 Jan 23
Latest filings (excl ownership)
View all
S-8
Registration of securities for employees
25 Jan 23
10-Q
2022 Q2
Quarterly report
24 Jan 23
8-K
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
DEF 14A
Definitive proxy
26 Oct 22
10-Q
2022 Q1
Quarterly report
25 Oct 22
8-K
Record Career Learning Enrollments
25 Oct 22
10-K
2022 FY
Annual report
10 Aug 22
8-K
Fiscal 2022 Career Learning Revenue Grows More Than 60%, Exceeding $400 Million
9 Aug 22
Transcripts
View all
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
4
James Jeaho Rhyu
27 Jan 23
4
Vincent Mathis
27 Jan 23
4
Les Ottolenghi
19 Dec 22
4
Donna Blackman
19 Dec 22
4
Joseph A Verbrugge
13 Dec 22
4
Eliza McFadden
13 Dec 22
4
ROBERT E KNOWLING JR
13 Dec 22
4
STEVEN B FINK
13 Dec 22
4
ROBERT COHEN
13 Dec 22
4
CRAIG R BARRETT
13 Dec 22

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, Q3 2022

LRN institutional ownership history Ownership history
97.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 218 0 NEW
Opened positions 218 0 NEW
Closed positions 0 191 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 4.12 bn 0.00 NEW
Total shares 41.93 mm 0.00 NEW
Total puts 252.10 k 0.00 NEW
Total calls 611.00 k 0.00 NEW
Total put/call ratio 0.4 – –
Largest owners Shares Value Change
BLK Blackrock 6.73 mm $283.04 mm NEW
Vanguard 5.00 mm $210.16 mm NEW
Boston Partners 3.11 mm $126.44 mm NEW
Dimensional Fund Advisors 3.01 mm $126.49 mm NEW
MS Morgan Stanley 1.36 mm $57.34 mm NEW
IVZ Invesco 1.26 mm $53.00 mm NEW
Rice Hall James & Associates 1.25 mm $52.59 mm NEW
JHG Janus Henderson 1.21 mm $51.03 mm NEW
Standard Life Aberdeen 1.10 mm $46.12 mm NEW
Brown Advisory 867.83 k $36.48 mm NEW
Largest transactions Shares Bought/sold Change
BLK Blackrock 6.73 mm +6.73 mm NEW
Vanguard 5.00 mm +5.00 mm NEW
Boston Partners 3.11 mm +3.11 mm NEW
Dimensional Fund Advisors 3.01 mm +3.01 mm NEW
MS Morgan Stanley 1.36 mm +1.36 mm NEW
IVZ Invesco 1.26 mm +1.26 mm NEW
Rice Hall James & Associates 1.25 mm +1.25 mm NEW
JHG Janus Henderson 1.21 mm +1.21 mm NEW
Standard Life Aberdeen 1.10 mm +1.10 mm NEW
Brown Advisory 867.83 k +867.83 k NEW
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
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
25 Jan 23 Mathis Vincent Common Stock Sell Dispose S No Yes 40.65 8,160 331.70 k 44,806
23 Dec 22 James Jeaho Rhyu Common Stock Gift Dispose G No No 0 3,113 0.00 559,250
20 Dec 22 James Jeaho Rhyu Common Stock Gift Dispose G No No 0 6,276 0.00 562,363
15 Dec 22 Donna Blackman Common Stock Payment of exercise Dispose F No No 32.93 1,204 39.65 k 42,316
15 Dec 22 Les Ottolenghi Common Stock Payment of exercise Dispose F No No 32.93 2,878 94.77 k 53,156
9 Dec 22 Alvarez Aida Common Stock Grant Acquire A No No 0 6,171 0.00 32,518
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
BMO Capital Maintains Outperform on Stride, Raises Price Target to $48
26 Jan 23
BMO Capital analyst Jeffrey Silber maintains Stride (NYSE:LRN) with a Outperform and raises the price target from $47 to $48.
Why Grom Social Enterprises Shares Are Trading Lower By 30%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
25 Jan 23
Gainers Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) shares surged 85% to $2.2200. Sonoma Pharmaceuticals and EMC Pharma announced Department of Defense DAPA registration for Microcyn(R) Rx products.
12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
25 Jan 23
AT&T, U.S. Bancorp And Other Big Stocks Moving Higher On Wednesday
25 Jan 23
US Stocks Open Lower; Dow Dips 250 Points
25 Jan 23

Press releases

From Benzinga Pro
American College of Education and MedCerts Create Pathway to Four-Year Degrees
25 Jan 23
MedCerts graduates can continue their career advancement through ACE programs American College of Education® (ACE) is partnering with MedCerts, an online certification training provider in allied healthcare and
Stride Achieves Record Enrollment Growth over First Quarter
24 Jan 23
Ends Quarter with over 180 Thousand Enrollments Stride, Inc. (NYSE:LRN), one of the nation's leading technology-based education companies, today announced its results for the second fiscal quarter ended December 31,
Stride, Inc. Launches New Solution to Combat Nation's Pandemic-Era Learning Loss
18 Jan 23
Stride Tutoring is the only national tutoring platform where all students are supported by state-certified teachers – connecting anytime, anywhere to achieve student goals More than a year into the so-called new normal
Stride Inc. Announces Date for Second Quarter Fiscal Year 2023 Earnings Call
10 Jan 23
New Private Schools Launched to Help Arizona Families Make Use of Empowerment Scholarship Accounts
10 Jan 23
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