PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $161,861.76 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CEO Hardeep Gulati sold 7,752 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $20.88, for a total value of $161,861.76. Following the completion of the sale, the chief executive officer now directly owns 2,051,464 shares in the company, valued at $42,834,568.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, March 25th, Hardeep Gulati sold 1,400 shares of PowerSchool stock. The shares were sold at an average price of $21.04, for a total value of $29,456.00.
  • On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total value of $65,772.00.
  • On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The shares were sold at an average price of $21.19, for a total value of $829,397.79.
  • On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The shares were sold at an average price of $20.75, for a total value of $317,620.25.

PowerSchool Trading Up 1.9 %

NYSE:PWSC opened at $21.29 on Friday. PowerSchool Holdings, Inc. has a 52 week low of $16.41 and a 52 week high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s fifty day moving average is $22.49 and its two-hundred day moving average is $22.36.

PowerSchool (NYSE:PWSCGet Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The business had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. On average, equities research analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Institutional Investors Weigh In On PowerSchool

A number of institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in PowerSchool in the fourth quarter worth approximately $181,000. Vanguard Group Inc. increased its holdings in shares of PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after acquiring an additional 2,634,169 shares during the period. Goldman Sachs Group Inc. increased its stake in PowerSchool by 37.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after buying an additional 380,586 shares during the period. Riverbridge Partners LLC increased its stake in PowerSchool by 6.6% in the 4th quarter. Riverbridge Partners LLC now owns 1,573,223 shares of the company’s stock valued at $37,065,000 after buying an additional 97,295 shares during the period. Finally, Legal & General Group Plc increased its stake in PowerSchool by 1.0% in the 4th quarter. Legal & General Group Plc now owns 57,366 shares of the company’s stock valued at $1,352,000 after buying an additional 552 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. The Goldman Sachs Group raised their target price on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler reiterated an “overweight” rating and set a $29.00 price objective on shares of PowerSchool in a research report on Wednesday, March 6th. Finally, UBS Group lifted their price objective on PowerSchool from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, PowerSchool has a consensus rating of “Moderate Buy” and an average price target of $27.67.

View Our Latest Report on PowerSchool

About PowerSchool

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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.

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