Stride director Dylan Haggart buys $62,187 in company stock

Dylan G. Haggart, a director at Stride, Inc. (NASDAQ: LRN), recently purchased 792 shares of the company's common stock on October 27, 2026, at a price of $78.52 per share, totaling $62,187. This brings Mr. Haggart's indirect beneficial ownership of Stride, Inc. common stock to 1,899,703 shares. The current stock price stands at $80.70, indicating a modest gain from his purchase.

The insider transaction was filed jointly by Mr. Haggart, Fivespan Partners, LP, and Fivespan Partners GP, LLC. InvestingPro suggests the stock is undervalued, and management has been aggressively buying back shares. Despite this purchase, Stride reported first-quarter fiscal 2027 results that surpassed expectations, with adjusted earnings of $1.37 per share and revenue of $639.4 million.

However, challenges such as weaker enrollment numbers and narrower margins led to a decline in stock price. Enrollment decreased by 2.5% year over year to 241,400 students, and gross margin contracted to 37.7% from 39% the previous year.