Sierra Summit Advisors LLC Has $403,000 Holdings in Stride, Inc. $LRN

Sierra Summit Advisors LLC cut its holdings in shares of Stride, Inc. (NYSE:LRN) by 55.8% during the second quarter, Holdings Channel reports. The fund owned 2,775 shares of the company’s stock after selling 3,501 shares during the period. Sierra Summit Advisors LLC’s holdings in Stride were worth $403,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Stride by 37.5% in the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Rezny Wealth Management Inc. raised its holdings in shares of Stride by 0.6% in the second quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock valued at $2,055,000 after buying an additional 83 shares during the last quarter. Vident Advisory LLC lifted its position in Stride by 2.9% during the 1st quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock worth $372,000 after buying an additional 84 shares in the last quarter. Vestcor Inc grew its holdings in Stride by 4.6% during the 1st quarter. Vestcor Inc now owns 2,328 shares of the company’s stock worth $294,000 after acquiring an additional 102 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Stride by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock worth $1,831,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of LRN stock opened at $65.57 on Monday. Stride, Inc. has a 52-week low of $62.49 and a 52-week high of $171.17. The stock has a market cap of $2.88 billion, a PE ratio of 10.12, a PEG ratio of 0.40 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.27 and a current ratio of 6.78. The firm’s 50 day moving average price is $117.45 and its two-hundred day moving average price is $137.15.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.23 by $0.29. The company had revenue of $620.88 million during the quarter, compared to analysts’ expectations of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LRN shares. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Canaccord Genuity Group boosted their price objective 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. BMO Capital Markets set a $108.00 price objective on Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stride in a research report on Wednesday. Finally, Barrington Research dropped their target price on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and a consensus 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.