k12 inc. is driving innovation and advancing the quality of education by delivering state-of-the-art, digital learning platforms and technology to students and school districts across the globe. we believe that every student is uniquely brilliant and deserves a high-quality education to help them thrive in school and ultimately, be prepared for post-secondary education, going on to a career, and reaching their personal potential. with engaging curriculum developed by master teachers, cognitive scientists, technologists, and interactive designers, k12 serves over 2,000 schools and school districts and has delivered more than four million courses over the past decade. the company is made up of thousands of online school educators providing instruction, academic services, and learning solutions to public schools and districts, traditional classrooms, blended school programs, and directly to families. the k12 program is offered through k12 partner public schools in 33 states and the distri
Company profile
Ticker
LRN
Exchange
Website
CEO
James J. Rhyu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
K12 INC
SEC CIK
Corporate docs
Subsidiaries
K12 Management Inc. • K12 Services Inc. • LearnBop, Inc. • Stride Learning, Inc. • K12 International Holdings B.V. • Disguise the Learning, Inc. • K12 Virtual Schools L.L.C. • K12 Classroom L.L.C. • K12 California L.L.C. • K12 Florida L.L.C. ...
IRS number
954774688
LRN stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
18 Mar 24
8-K
Departure of Directors or Certain Officers
14 Mar 24
8-K
Departure of Directors or Certain Officers
9 Feb 24
10-Q
2024 Q2
Quarterly report
24 Jan 24
8-K
Second Quarter Fiscal 2024 Highlights Compared to 2023
23 Jan 24
8-K
Submission of Matters to a Vote of Security Holders
7 Dec 23
8-K
Regulation FD Disclosure
14 Nov 23
PX14A6G
Letter to shareholders
30 Oct 23
ARS
2023 FY
Annual report to shareholders
26 Oct 23
DEFA14A
Additional proxy soliciting materials
26 Oct 23
Transcripts
LRN
Earnings call transcript
2024 Q2
23 Jan 24
LRN
Earnings call transcript
2024 Q1
24 Oct 23
LRN
Earnings call transcript
2023 Q4
15 Aug 23
LRN
Earnings call transcript
2023 Q3
25 Apr 23
LRN
Earnings call transcript
2023 Q2
24 Jan 23
LRN
Earnings call transcript
2023 Q1
25 Oct 22
LRN
Earnings call transcript
2022 Q4
10 Aug 22
LRN
Earnings call transcript
2022 Q3
20 Apr 22
LRN
Earnings call transcript
2022 Q2
26 Jan 22
LRN
Earnings call transcript
2022 Q1
20 Oct 21
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 254.63 mm | 254.63 mm | 254.63 mm | 254.63 mm | 254.63 mm | 254.63 mm |
Cash burn (monthly) | 52.06 mm | (no burn) | (no burn) | (no burn) | 45.10 mm | (no burn) |
Cash used (since last report) | 346.79 mm | n/a | n/a | n/a | 300.44 mm | n/a |
Cash remaining | -92.16 mm | n/a | n/a | n/a | -45.81 mm | n/a |
Runway (months of cash) | -1.8 | n/a | n/a | n/a | -1.0 | n/a |
Institutional ownership, Q3 2023
98.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 244 |
Opened positions | 40 |
Closed positions | 29 |
Increased positions | 80 |
Reduced positions | 92 |
13F shares | Current |
---|---|
Total value | 1.91 tn |
Total shares | 42.58 mm |
Total puts | 449.80 k |
Total calls | 512.20 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.81 mm | $306.77 bn |
Vanguard | 4.97 mm | $223.78 bn |
Dimensional Fund Advisors | 3.00 mm | $135.14 bn |
MS Morgan Stanley | 1.90 mm | $85.73 bn |
STT State Street | 1.43 mm | $64.42 bn |
IVZ Invesco | 1.29 mm | $58.25 bn |
JHG Janus Henderson | 1.20 mm | $53.95 bn |
Rice Hall James & Associates | 1.13 mm | $50.72 bn |
Geode Capital Management | 832.84 k | $37.51 bn |
Boston Partners | 818.67 k | $38.11 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Feb 24 | James Jeaho Rhyu | Common Stock | Payment of exercise | Dispose F | No | No | 60.49 | 4,419 | 267.31 k | 560,606 |
13 Feb 24 | Les Ottolenghi | Common Stock | Payment of exercise | Dispose F | No | No | 60.49 | 827 | 50.03 k | 55,391 |
13 Feb 24 | Mathis Vincent | Common Stock | Payment of exercise | Dispose F | No | No | 60.49 | 1,266 | 76.58 k | 39,318 |
13 Feb 24 | Todd Goldthwaite | Common Stock | Payment of exercise | Dispose F | No | No | 60.49 | 293 | 17.72 k | 87,607 |
13 Feb 24 | Donna Blackman | Common Stock | Payment of exercise | Dispose F | No | No | 60.49 | 135 | 8.17 k | 69,692 |
News
Barrington Research Maintains Outperform on Stride, Maintains $75 Price Target
17 Apr 24
Citigroup Maintains Buy on Stride, Raises Price Target to $75
29 Jan 24
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
26 Jan 24
BMO Capital Maintains Outperform on Stride, Raises Price Target to $72
25 Jan 24
Morgan Stanley Maintains Equal-Weight on Stride, Raises Price Target to $65
24 Jan 24
Press releases
Arkansas ARVA Senior One of Two to Win National Student Advisor Award
8 Apr 24
Digital Academy of Texas Now Enrolling for 2024-25 School Year
1 Apr 24
Enrollment Now Open at Tuition-free Online Public School Ohio Virtual Academy for 2024-2025 School Year
25 Mar 24
Arizona Virtual Academy Teacher Authors Children's Book About Courage
22 Mar 24
Grand Canyon Private Academy Names Melissa Spade Operations Manager
21 Mar 24