PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati Sells 7,566 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 7,566 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.02, for a total transaction of $159,037.32. Following the completion of the sale, the chief executive officer now directly owns 1,848,001 shares of the company’s stock, valued at $38,844,981.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, May 20th, Hardeep Gulati sold 100 shares of PowerSchool stock. The stock was sold at an average price of $21.11, for a total transaction of $2,111.00.
• On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The stock was sold at an average price of $19.37, for a total value of $395,806.58.
• On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The stock was sold at an average price of $19.01, for a total value of $72,238.00.
• On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The shares were sold at an average price of $21.33, for a total value of $131,627.43.
• On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The stock was sold at an average price of $21.06, for a total value of $461,214.00.
• On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $183,723.05.
• On Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The stock was sold at an average price of $20.89, for a total transaction of $821,666.37.
• On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total transaction of $161,861.76.
• 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 stock was sold at an average price of $20.88, for a total value of $65,772.00.

PowerSchool Trading Up 0.8 %

Shares of NYSE PWSC opened at $20.97 on Friday. The business’s 50-day simple moving average is $19.44 and its 200-day simple moving average is $21.71. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week 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.

PowerSchool (NYSE:PWSC) last released its quarterly 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). The firm had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. On average, analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PWSC shares. Barclays dropped their target price on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $25.00 target price on shares of PowerSchool in a research note on Thursday, May 9th. Piper Sandler dropped their price target on shares of PowerSchool from $29.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, The Goldman Sachs Group upped their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd grew its holdings in PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of PowerSchool in the third quarter valued at approximately $32,000. Comerica Bank grew its stake in shares of PowerSchool by 111.8% in 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 raised its stake in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in PowerSchool in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

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.