PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati Sells 39,834 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 39,834 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $21.17, for a total transaction of $843,285.78. Following the transaction, the chief executive officer now directly owns 1,800,667 shares of the company’s stock, valued at approximately $38,120,120.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hardeep Gulati also recently made the following trade(s):

• On Friday, May 24th, Hardeep Gulati sold 4,900 shares of PowerSchool stock. The shares were sold at an average price of $21.03, for a total transaction of $103,047.00.
• On Wednesday, May 22nd, Hardeep Gulati sold 7,566 shares of PowerSchool stock. The stock was sold at an average price of $21.02, for a total transaction of $159,037.32.
• On Monday, May 20th, Hardeep Gulati sold 100 shares of PowerSchool stock. The stock was sold at an average price of $21.11, for a total transaction of $2,111.00.
• On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The stock was sold at an average price of $19.37, for a total transaction of $395,806.58.
• On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The stock was sold at an average price of $19.01, for a total transaction of $72,238.00.
• On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The shares were sold at an average price of $21.33, for a total transaction of $131,627.43.
• On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The shares were sold at an average price of $21.06, for a total transaction of $461,214.00.
• On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $183,723.05.
• On Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The shares were sold at an average price of $20.89, for a total transaction of $821,666.37.
• On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total transaction of $161,861.76.

PowerSchool Stock Down 0.1 %

Shares of PWSC traded down $0.02 during trading hours on Wednesday, reaching $21.20. The company’s stock had a trading volume of 373,756 shares, compared to its average volume of 899,293. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of -88.42 and a beta of 0.98. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $19.45 and a two-hundred day moving average of $21.72.

PowerSchool (NYSE:PWSC) last issued its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $184.97 million during the quarter, compared to analyst estimates of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, research analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently added to or reduced their stakes in PWSC. Covestor Ltd increased its holdings in PowerSchool by 353.4% in the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. Orion Capital Management LLC acquired a new position in PowerSchool in the third quarter worth approximately $32,000. Park Place Capital Corp increased its holdings in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares during the last quarter. Comerica Bank increased its holdings in PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after buying an additional 746 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PWSC. Piper Sandler cut their price target on shares of PowerSchool from $29.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, May 10th. UBS Group cut their price objective on PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group boosted their price objective on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Raymond James restated an “outperform” rating on shares of PowerSchool in a report on Monday, May 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $26.00 price objective on shares of PowerSchool in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.44.

About PowerSchool

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts.