Eric Ryan Shander Sells 2,977 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 2,977 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $22.74, for a total value of $67,696.98. Following the completion of the transaction, the chief financial officer now directly owns 422,547 shares of the company’s stock, valued at $9,608,718.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, September 18th, Eric Ryan Shander sold 4,800 shares of PowerSchool stock. The stock was sold at an average price of $22.77, for a total value of $109,296.00.
• On Thursday, July 11th, Eric Ryan Shander sold 29,200 shares of PowerSchool stock. The shares were sold at an average price of $22.51, for a total value of $657,292.00.
• On Tuesday, July 9th, Eric Ryan Shander sold 30,914 shares of PowerSchool stock. The stock was sold at an average price of $22.51, for a total value of $695,874.14.
• On Thursday, June 27th, Eric Ryan Shander sold 9,789 shares of PowerSchool stock. The stock was sold at an average price of $22.38, for a total transaction of $219,077.82.

PowerSchool Stock Up 0.1 %

NYSE PWSC opened at $22.79 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The business has a 50 day moving average price of $22.63 and a two-hundred day moving average price of $21.27. The stock has a market cap of $4.65 billion, a PE ratio of -94.96 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last released 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). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The firm had revenue of $191.59 million for the quarter, compared to analyst estimates of $195.32 million. During the same period in the previous year, the business posted $0.23 earnings per share. PowerSchool’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PWSC has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Baird R W cut 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 price target (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Macquarie lowered PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective on the stock. in a research note on Monday, June 10th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.02.

Institutional Trading of PowerSchool

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in PowerSchool by 37.5% during the 4th quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock worth $944,000 after purchasing an additional 10,932 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PowerSchool by 14.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock valued at $39,001,000 after acquiring an additional 207,237 shares during the last quarter. Homestead Advisers Corp boosted its stake in PowerSchool by 29.8% during the 1st quarter. Homestead Advisers Corp now owns 207,669 shares of the company’s stock valued at $4,421,000 after acquiring an additional 47,700 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in PowerSchool by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after acquiring an additional 62,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of PowerSchool by 58.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock worth $2,221,000 after purchasing an additional 38,582 shares during the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.