Kadensa Capital Sells $23.4M Stride Stake After 50% Stock Plunge
Kadensa Capital sold its entire 157,101-share Stride position worth $23.4 million after a 50% plunge following an October earnings miss and a 29.1% year-over-year decline. Ohio Virtual Academy, a K12-powered Stride unit educating 16,700 students, earned the ASCA RAMP designation for its data-driven counseling valid through 2031.
1. Kadensa Capital Exits Stride Position
Kadensa Capital liquidated its entire 157,101-share position in Stride, selling roughly $23.4 million after a 50% plunge following an October earnings miss and a 29.1% year-over-year decline. The sale underscores continued volatility in Stride’s stock despite management resolving platform implementation issues that triggered the earnings shortfall.
2. Ohio Virtual Academy Earns RAMP Designation
Ohio Virtual Academy, a K12-powered Stride unit serving approximately 16,700 K–12 students statewide, received the ASCA Recognized ASCA Model Program (RAMP) designation valid through the 2030–2031 school year. The award highlights the unit’s comprehensive, data-driven counseling services designed to support academic, social-emotional, and postsecondary student success in an online environment.