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<h2>Key Points</h2><ul><li>Voss Capital acquired 711,726 shares of Stride last quarter; the transaction value was estimated at $57.73 million based on quarterly average pricing.</li><li>Meanwhile, the quarter-end position value increased by $65.97 million, reflecting both trading and price movement.</li><li>Post-trade, Voss Capital holds 850,000 shares valued at $74.94 million.</li><li>10 stocks we like better than Stride ›</li></ul><p>Voss Capital disclosed a significant purchase of <strong>Stride</strong> <span class="ticker">(NYSE:LRN)</span> in its May 15, 2026, SEC filing, adding 711,726 shares in a transaction estimated at $57.73 million based on quarterly average pricing.</p><h2 id="what-happened">What happened</h2><p>According to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Voss Capital increased its position in <strong>Stride</strong> <span class="ticker">(NYSE:LRN)</span> by 711,726 shares during the first quarter. The estimated value of the shares acquired is $57.73 million, based on the average closing price over the quarter. The fund’s total position value in Stride rose by $65.97 million, a figure that includes both trading activity and stock price changes.</p><h2 id="what-else-to-know">What else to know</h2><ul><li>This was a buy; the Stride stake represented 3.98% of Voss Capital’s reportable 13F assets under management as of March 31, 2026.</li><li>Top holdings after the filing:<ul><li>NASDAQ: FLYW: $158.59 million (9.1% of AUM)</li><li>NASDAQ: CLBT: $133.32 million (7.6% of AUM)</li><li>NYSE: GFF: $132.64 million (7.6% of AUM)</li><li>NYSE: SRE: $121.95 million (7.0% of AUM)</li><li>NASDAQ: EEFT: $104.53 million (6.0% of AUM)</li></ul></li><li>As of May 14, 2026, Stride shares were priced at $88.40, down about 40% from one year earlier and trailing the S&amp;P 500, which is instead up about 28%.</li></ul><h2 id="company-overview">Company overview</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Price (as of market close May 14, 2026)</td><td>$88.40</td></tr><tr><td>Market capitalization</td><td>$4 billion</td></tr><tr><td>Revenue (TTM)</td><td>$2.54 billion</td></tr><tr><td>Net income (TTM)</td><td>$308.12 million</td></tr></tbody></table></section><h2 id="company-snapshot">Company snapshot</h2><ul><li>Stride delivers online curriculum, proprietary software systems, and educational services for K-12 students, as well as career learning programs for adult learners in fields such as information technology, healthcare, and business.</li><li>The company generates revenue through a combination of integrated educational packages for virtual and blended public schools, individual online courses, supplemental learning products, and career training services marketed under brands like Galvanize, Tech Elevator, and MedCerts.</li><li>Primary customers include public and private schools, school districts, charter boards, individual consumers, employers, and government agencies, both in the United States and internationally.</li></ul><p>Stride is a leading provider of technology-driven education solutions. The company leverages proprietary platforms and a broad portfolio of educational offerings to address the needs of K-12 students and adult learners seeking career advancement. Its scale and integration of curriculum, technology, and support services position it as a key player in the evolving education and training sector.</p><h2 id="what-this-transaction-means-for-investors">What this transaction means for investors</h2><p>Despite Stride stock being down sharply from last year, Voss Capital appears to be focusing on what the business is doing, which is a good reminder of what long-term investors should be focused on. According to the firm’s latest results, Stride’s revenue from Career Learning rose 12.3% in the third fiscal quarter, while middle and high school Career Learning revenue jumped nearly 16% (helping to offset weakness in the adult segment). Enrollment in those programs increased 11.6%, reinforcing management's thesis that students increasingly want education tied directly to workforce outcomes.<br/><br/>Meanwhile, overall revenue increased 2.7% to $629.9 million during the quarter, while adjusted EBITDA climbed to $171.3 million. Over the first nine months of fiscal 2026, revenue rose 7.4% to $1.88 billion, and adjusted EBITDA increased 13.4% to $467.8 million. The company also narrowed its full-year outlook and ended March with $856 million in cash, cash equivalents, and marketable securities.<br/><br/>While quarterly earnings dipped modestly from last year, the broader trend remains encouraging. Stride is investing heavily in curriculum, software, and career-focused programs while still producing substantial profitability. And if that continues, then the stock could be due for a turnaround.</p><h2>Should you buy stock in Stride right now?</h2>
<p>Before you buy stock in Stride, consider this:</p>
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<p style="color: #767676; text-align: left"><em>*Stock Advisor returns as of May 29, 2026. </em></p><p><em>Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cellebrite, Euronet Worldwide, and Stride. The Motley Fool has a disclosure policy.</em></p>
<p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
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<p>Voss Capital acquired 711,726 shares of Stride (NYSE:LRN) in Q1, valued at $57.73 million, bringing its total holding to 850,000 shares worth $74.94 million. This purchase occurred despite Stride's stock falling 40% over the past year. The move highlights a focus on the company's operational strengths, including rising revenue in career learning programs and strong adjusted EBITDA growth, suggesting potential for a turnaround.</p>

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Stride Stock Is Down 40% This Past Year. Here's Why One Investor Added $58 Million