PowerSchool Holdings, Inc. (NYSE:PWSC) Insider Sells $47,585.52 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) insider Shivani Stumpf sold 2,088 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $22.79, for a total transaction of $47,585.52. Following the transaction, the insider now directly owns 277,489 shares of the company’s stock, valued at $6,323,974.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shivani Stumpf also recently made the following trade(s):

• On Wednesday, September 18th, Shivani Stumpf sold 1,296 shares of PowerSchool stock. The shares were sold at an average price of $22.77, for a total transaction of $29,509.92.

PowerSchool Stock Performance

PWSC opened at $22.85 on Friday. The firm has a market cap of $4.67 billion, a P/E ratio of -95.21 and a beta of 1.05. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a 50 day simple moving average of $22.67 and a two-hundred day simple moving average of $21.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $191.59 million during the quarter, compared to the consensus estimate of $195.32 million. PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. Equities analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently modified their holdings of the company. Covestor Ltd boosted its position in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after acquiring an additional 1,000 shares during the last quarter. 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 worth $32,000 after acquiring 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 worth $32,000 after acquiring an additional 773 shares during the last quarter. Natixis Investment Managers International boosted its position in shares of PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after acquiring an additional 1,419 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of PowerSchool by 15,274.1% during the second quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock worth $93,000 after acquiring an additional 4,124 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and set a $22.80 price objective (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. Baird R W cut shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Jefferies Financial Group restated a “hold” rating and set a $22.80 target price (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, PowerSchool currently has a consensus rating of “Hold” and an average price target of $24.02.

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.