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Stride, Inc. Authorizes $500 Million Stock Repurchase Program
Globenewswire· 2025-11-03 14:00
Core Viewpoint - Stride, Inc. has announced a stock repurchase program authorizing the repurchase of up to $500 million of its common stock until October 31, 2026, reflecting confidence in the company's long-term outlook and strong cash flow [1][2]. Company Overview - Stride, Inc. is a technology-based education company providing a wide range of services including K-12 education, career learning, professional skills training, and talent development, serving learners in all 50 states and over 100 countries [3]. Financial Strategy - The stock repurchase program allows for flexibility in repurchasing shares through various methods, including open market purchases and privately negotiated transactions, depending on market conditions [2]. - The company emphasizes its strong cash flow and robust balance sheet, indicating a commitment to allocate capital towards attractive growth opportunities to create long-term value for shareholders [2].
LRN STOCK NOTICE: Stride, Inc. is Under Investigation for Securities Fraud – Investors with Losses Urged to Contact BFA Law
Globenewswire· 2025-11-03 13:36
Core Viewpoint - Stride, Inc. is under investigation for potential violations of federal securities laws, following a significant drop in its stock price due to poor customer experiences stemming from platform changes [1][4]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [2]. - The company previously reported "record demand" for its products and services, indicating strong customer interest [2]. Recent Developments - Stride's stock price fell by more than 54%, dropping from $153.53 to $70.05 per share after the company disclosed that its growth rate did not meet expectations due to poorly executed upgrades [4][5]. - The upgrades led to a "poor customer experience," resulting in higher withdrawal rates and lower conversion rates, with an estimated loss of 10,000-15,000 enrollments [4]. Legal Implications - Bleichmar Fonti & Auld LLP is investigating Stride for potential securities fraud, encouraging affected investors to seek additional information [1][6].
Robbins Geller Rudman & Dowd LLP Launches Investigation into Stride, Inc. (LRN), and Encourages Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2025-11-03 11:50
Company Overview - Stride, Inc. provides proprietary and third-party online curriculum, software systems, and educational services [3] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Stride, focusing on whether Stride and certain executives made false or misleading statements or failed to disclose material information to investors [1][2] Recent Developments - On September 10, 2025, the Gallup-McKinley County Schools Board of Education filed a verified complaint against Stride, charging the company with fraud, deceptive trade practices, and systemic violations of law, particularly affecting Native American students [4] - On October 29, 2025, Stride issued a negative annual revenue forecast, citing difficulties in enrolling new students, which led to a more than 50% drop in Stride's share price [4]
STRIDE INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Reminds Stride Stockholders of the Ongoing Investigation and Urges Investors to Contact the Firm
Globenewswire· 2025-11-01 14:25
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Stride, Inc. for possible violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - The investigation is prompted by allegations from the Gallup-McKinley County Schools Board of Education, which filed a complaint against Stride for fraud, deceptive trade practices, and systemic violations of law [6]. - Specific accusations include inflating enrollment numbers by retaining "ghost students" to secure state funding and neglecting compliance requirements such as background checks and licensure laws for employees [6]. Stock Impact - Following the allegations, Stride's stock price experienced a significant decline, falling by $18.60 per share, or 11.75%, closing at $139.76 per share on September 15, 2025 [6].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Prnewswire· 2025-11-01 12:55
Core Insights - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. following significant losses suffered by investors [1][2] - Allegations against Stride include fraud, deceptive trade practices, and systemic violations of law, particularly related to inflated enrollment numbers [2] - Stride's stock price experienced a notable decline of 11.7% after the allegations were made public, closing at $139.76 per share [3] - The company reported challenges in enrollment growth and operational issues, leading to a further stock price drop of up to 51% during intraday trading [4] Company Overview - Stride, Inc. is facing legal scrutiny due to allegations of misconduct related to enrollment practices and compliance failures [2] - The company has acknowledged limiting enrollment growth intentionally while addressing execution issues, which has resulted in a significant decrease in enrollments [4] Financial Impact - Following the allegations and subsequent financial disclosures, Stride's stock has seen a cumulative decline, impacting investor confidence and market valuation [3][4] - The reported issues have led to approximately 10,000 to 15,000 fewer enrollments, which may restrict future growth [4]
LRN INVESTOR NOTICE: Stride, Inc. Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses
Globenewswire· 2025-11-01 11:36
Core Viewpoint - Stride, Inc. is under investigation for potential violations of federal securities laws due to misleading statements about its performance and customer demand, which may have contributed to a significant drop in its stock price [1][2][4]. Company Performance - Stride, an education technology company, claimed to experience "record demand" for its products and services during the relevant period, asserting that customers were choosing its platform in increasing numbers [2]. - However, the company faced backlash due to unpopular platform changes that led to poor customer experiences, resulting in a loss of students [3]. Stock Performance - On October 28, 2025, Stride announced that its growth rate did not meet expectations due to poorly executed upgrades, which created a "poor customer experience" and led to higher withdrawal rates and lower conversion rates [4]. - This announcement resulted in a dramatic decline in Stride's stock price, dropping from $153.53 per share to $70.05 per share, a decrease of over 54% [5]. Legal Implications - Bleichmar Fonti & Auld LLP is investigating Stride for potential securities fraud, encouraging affected investors to seek legal options [1][6].
Investigation Launched into Stride, Inc. (LRN), RGRD Encourages Investors and Potential Witnesses to Contact Firm
Globenewswire· 2025-10-31 14:26
SAN DIEGO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Stride, Inc. (NYSE: LRN) focused on whether Stride and certain of its executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Stride investigation or if you are a Stride investor who suffered a loss and would like to learn more, you ...
Stride, Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - LRN
Prnewswire· 2025-10-31 09:29
Core Insights - DJS Law Group is investigating claims on behalf of investors of Stride, Inc. for potential violations of securities laws [1] - Stride reported Q1 financial results that exceeded estimates, but the company's forecasts for Q2 and the full year disappointed investors, leading to a significant drop in share price [2] Investigation Details - The investigation centers on whether Stride issued misleading statements or failed to disclose important information to investors [2] - Following the Q1 results announcement on October 28, 2025, Stride's shares fell by over 38% in after-hours trading due to disappointing forecasts [2]
LRN INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Businesswire· 2025-10-30 20:32
NEW YORK--(BUSINESS WIRE)---- $LRN #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Stride, Inc. ("Stride†or the "Company†) (NYSE: LRN). Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. On September 14, 2025, Simply Wall St. published a report stat ...
Securities Fraud Investigation Into Stride, Inc. (LRN) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Businesswire· 2025-10-30 18:00
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Stride, Inc. ("Stride†or the "Company†) (NYSE: LRN) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON STRIDE, INC. (LRN), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On September 14, 2025, Simply Wall St. published a re. ...