Strategic Education, Inc.
boothcheck covers Strategic Education, Inc. (STRA) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 11, 2026.
• Strategic Education pairs two slow-growth universities (Strayer and Capella) with a fast lane: its 10-K reports that ⟦"ETS segment revenues increased 41.4% to $148.4 million in 2025"⟧ on Workforce Edge employer partnerships and Sophia Learning subscriptions, the piece of the business that is genuinely compounding. • The biggest specific risk is regulatory concentration: the same filing describes the 90/10 Rule limiting how much revenue a proprietary institution may derive from federal funds, w
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277 institutional managers reported holding STRA in 13F filings for the quarter ended 2026-03-31. 49 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 1.1M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
STRA has cut its share count 9.8% over the past five years, spending $243.51M on repurchases. It pays a dividend, and has for 9 years running; the current rate is $2.40 a share annually. Cash returned over the past three years: $159.40M in dividends and $190.40M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at STRA over the trailing three years: 2024: 2 buys totaling $972k; 2025: 6 buys totaling $1.33M; 2026: 1 buy totaling $58k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
STRA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +7.7% | +0.3% |
| 2023-11-03 | +5.1% | +3.5% |
| 2024-03-01 | +14.3% | +11.0% |
| 2024-04-26 | +20.3% | -8.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
STRA's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-04-23 (items 2.02, 9.01); 2026-02-26 (items 2.02, 9.01); 2025-11-06 (items 2.02, 9.01); 2025-07-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.