Eric Ryan Shander Sells 4,797 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 4,797 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $107,117.01. Following the completion of the sale, the chief financial officer now owns 503,353 shares of the company’s stock, valued at approximately $11,239,872.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eric Ryan Shander also recently made the following trade(s):

• On Monday, June 10th, Eric Ryan Shander sold 1,600 shares of PowerSchool stock. The stock was sold at an average price of $22.50, for a total value of $36,000.00.
• On Tuesday, June 4th, Eric Ryan Shander sold 16,070 shares of PowerSchool stock. The stock was sold at an average price of $22.12, for a total value of $355,468.40.
• On Wednesday, April 3rd, Eric Ryan Shander sold 3,280 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value of $67,732.00.
• On Monday, April 1st, Eric Ryan Shander sold 3,254 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total value of $67,748.28.
• On Wednesday, March 27th, Eric Ryan Shander sold 3,250 shares of PowerSchool stock. The stock was sold at an average price of $20.87, for a total value of $67,827.50.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.32 on Wednesday. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day moving average price of $19.94 and a 200-day moving average price of $21.64. The company has a market capitalization of $4.55 billion, a PE ratio of -93.00 and a beta of 1.06.

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

Hedge Funds Weigh In On PowerSchool

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its holdings in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after acquiring an additional 1,000 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of PowerSchool during the third quarter valued at $32,000. Comerica Bank boosted its position in shares of PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the last quarter. Park Place Capital Corp boosted its position in shares of PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of PowerSchool by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after buying an additional 746 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. William Blair reiterated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective for the company. in a research report on Monday, June 10th. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 7th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, PowerSchool has a consensus rating of “Hold” and a consensus target price of $24.52.

PowerSchool Company Profile

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.