Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Sells 2,600 Shares of Stock
PowerSchool Holdings, Inc. (NYSE:PWSC – Get Free Report) CFO Eric Ryan Shander sold 2,600 shares of PowerSchool stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.66, for a total transaction of $61,516.00. Following the transaction, the chief financial officer now directly owns 526,098 shares of the company’s stock, valued at $12,447,478.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Eric Ryan Shander also recently made the following trade(s):
On Friday, December 1st, Eric Ryan Shander sold 5,236 shares of PowerSchool stock. The stock was sold at an average price of $23.60, for a total transaction of $123,569.60. On Wednesday, November 29th, Eric Ryan Shander sold 14,235 shares of PowerSchool stock. The shares were sold at an average price of $23.61, for a total transaction of $336,088.35. On Wednesday, September 27th, Eric Ryan Shander sold 4,692 shares of PowerSchool stock. The stock was sold at an average price of $21.75, for a total value of $102,051.00. On Tuesday, September 19th, Eric Ryan Shander sold 4,932 shares of PowerSchool stock. The shares were sold at an average price of $21.70, for a total value of $107,024.40. PowerSchool Trading Down 2.3 %
Shares of PowerSchool stock traded down $0.54 during trading on Tuesday, reaching $22.99. 361,984 shares of the company were exchanged, compared to its average volume of 710,507. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $26.05. The business has a 50-day moving average price of $21.66 and a 200-day moving average price of $21.13. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -213.91 and a beta of 1.02.
PowerSchool (NYSE:PWSC – Get Free Report) last posted its earnings results on Tuesday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. PowerSchool had a positive return on equity of 7.40% and a negative net margin of 2.53%. The firm had revenue of $182.16 million during the quarter, compared to analysts’ expectations of $179.32 million. Sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.54 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on PowerSchool from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and set a $26.00 target price on shares of PowerSchool in a research report on Friday, September 15th. Raymond James boosted their target price on PowerSchool from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Royal Bank of Canada dropped their target price on PowerSchool from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, William Blair restated an “outperform” rating on shares of PowerSchool in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.36.
View Our Latest Stock Report on PWSC
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWSC. Mackenzie Financial Corp acquired a new position in PowerSchool in the second quarter valued at about $34,711,000. Blair William & Co. IL grew its stake in PowerSchool by 104.8% in the first quarter. Blair William & Co. IL now owns 2,981,738 shares of the company’s stock valued at $59,098,000 after acquiring an additional 1,526,052 shares during the period. Morgan Stanley boosted its position in shares of PowerSchool by 332.0% during the third quarter. Morgan Stanley now owns 1,911,471 shares of the company’s stock worth $43,314,000 after buying an additional 1,468,997 shares during the period. Riverbridge Partners LLC acquired a new position in shares of PowerSchool during the third quarter worth about $32,973,000. Finally, JPMorgan Chase & Co. boosted its position in shares of PowerSchool by 841.6% during the third quarter. JPMorgan Chase & Co. now owns 1,374,709 shares of the company’s stock worth $31,151,000 after buying an additional 1,228,709 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.
PowerSchool Company Profile (Get Free Report)
PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.
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