<div id="readability-page-1"><p>Bayforest Capital Ltd purchased a new stake in shares of  Stride, Inc. (NYSE:LRN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,087 shares of the company's stock, valued at approximately $644,000.</p><ul><li>4 Stocks That Crushed Analyst Estimates by More Than Double</li></ul><p>Several other institutional investors have also made changes to their positions in LRN. Congress Asset Management Co. lifted its holdings in shares of  Stride by 102.2% during the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock valued at $147,973,000 after buying an additional 591,208 shares during the last quarter.  GAMMA Investing LLC lifted its holdings in  Stride by 14,892.4% in the 1st quarter. GAMMA Investing LLC now owns 370,013 shares of the company's stock worth $46,807,000 after purchasing an additional 367,545 shares during the last quarter.  Wellington Management Group LLP lifted its holdings in  Stride by 120.6% in the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock worth $63,146,000 after purchasing an additional 332,098 shares during the last quarter.  Janus Henderson Group PLC lifted its holdings in  Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock worth $155,251,000 after purchasing an additional 323,275 shares during the last quarter.  Finally, Nuveen LLC acquired a new stake in  Stride in the 1st quarter worth approximately $38,835,000. 98.24% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analyst Weigh In</h2><p>LRN has been the subject of several analyst reports. Barrington Research boosted their target price on Stride from $170.00 to $185.00 and gave the stock an &#34;outperform&#34; rating in a report on Friday, August 29th. Morgan Stanley boosted their target price on Stride from $148.00 to $159.00 and gave the stock an &#34;equal weight&#34; rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered Stride from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and two have assigned  a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $146.40.</p><ul><li>2 Stocks That Crushed Short Sellers With Impressive Gains</li></ul><p><b>Get Our Latest Analysis on LRN</b></p><h2>Stride Stock Up 2.2%</h2><p>Shares of LRN stock opened at $164.23 on Tuesday. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $171.17. The firm has a market cap of $7.17 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 0.94 and a beta of 0.22. The stock has a 50 day moving average of $146.27 and a 200-day moving average of $141.89. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. </p><ul><li>Chegg Chokes on AI Attempt, CEO Talks it Up as He Passes Torch  </li></ul><p>Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The company had revenue of $653.65 million during the quarter, compared to analyst estimates of $626.23 million. During the same period in the previous year, the company earned $1.42 earnings per share. The company's quarterly revenue was up 22.4% compared to the same quarter last year.  On average, equities analysts predict that  Stride, Inc. will post 6.67 EPS for the current year. </p><h2>Insider Activity at Stride</h2><p>In other news, CEO James Jeaho Rhyu sold 13,961 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the completion of the transaction, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders. </p><h2>Stride Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Stride</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Why These Banking Stocks Could Soar on Rate Cuts</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>3 Big Dividend Hikes Hit the Market—1 Just Doubled Its Payout</li><li>A Deeper Look at Bid-Ask Spreads</li><li>What NVIDIA’s Big Bet on Rival Quantinuum Means for D-Wave Stock</li></ul><p><strong>Want to see what other hedge funds are holding LRN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxSTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxSTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Stride Right Now?</h2><p>Before you consider Stride, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stride wasn't on the list.</p><p>While Stride currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bayforest Capital Ltd acquired a $644,000 stake in Stride, Inc. (NYSE: LRN) by purchasing 5,087 shares in Q1. Other institutional investors also increased their holdings significantly. Analysts have given Stride a "Moderate Buy" rating, with target prices ranging from $146.40 to $185.00. Stride's stock opened at $164.23, with a 12-month high of $171.17. The company reported strong quarterly earnings, exceeding estimates with a revenue of $653.65 million and an EPS of $2.29. CEO James Jeaho Rhyu sold shares worth $2.27 million recently, retaining a significant ownership stake.</p>

Bayforest Capital Ltd Takes $644,000 Position in Stride, Inc. $LRN