Exchange: NYSE·Updated 07:30 PM EDT
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LRN Stride Inc

$80.99
$1.40
(1.70%)
Today
Closed $80.99
$0.00
(0.00%)
After Hours
EarningsOct 20
Mkt Cap$3.42B
Vol800,539.00

About LRN

Stride, Inc. is a technology-based educational company, which engages in the provision of proprietary and third-party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J. Packard in 2000 and is headquartered in Reston, VA.
36

Bearish Sentiment

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$LRN Stride, an online K-12 school operator, settled with holder Fivespan, which dropped its board nominations, a stockholder proposal and a books-and-records demand for two board seats. Fivespan founder Dylan Haggart will co-chair a new Capital Allocation Committee with director Brian Shepherd once it takes effect on Oct 30. Stride held $1,034.1M cash and securities vs $418.0M long-term debt at June 30; cash is ~31% of its ~$3.3B market value at the Oct 7 close of $79.755. Fivespan accepts a standstill; a target capital structure is due in ~3 months.
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