Pluralsight Inc (PS) CFO James Budge Purchases 750 Shares of Stock

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Pluralsight Inc (NASDAQ:PS) CFO James Budge purchased 750 shares of the stock in a transaction on Thursday, December 6th. The stock was acquired at an average cost of $23.29 per share, for a total transaction of $17,467.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ PS traded down $1.71 during trading hours on Friday, reaching $23.54. 657,554 shares of the stock traded hands, compared to its average volume of 1,175,063. Pluralsight Inc has a 52-week low of $17.88 and a 52-week high of $38.37.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.06. The firm had revenue of $61.55 million for the quarter, compared to analysts’ expectations of $57.57 million. As a group, equities analysts expect that Pluralsight Inc will post -1.14 earnings per share for the current year.

Several analysts have weighed in on the company. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird began coverage on Pluralsight in a report on Wednesday, November 28th. They set an “outperform” rating and a $22.38 price objective on the stock. Raymond James decreased their price objective on Pluralsight from $36.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Bank of America decreased their price objective on Pluralsight from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, First Analysis reissued a “positive” rating and set a $45.00 price objective on shares of Pluralsight in a report on Friday, September 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.93.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. raised its holdings in shares of Pluralsight by 238.1% during the 3rd quarter. Marshall Wace North America L.P. now owns 117,570 shares of the company’s stock valued at $3,762,000 after buying an additional 82,795 shares in the last quarter. Clearbridge Investments LLC increased its stake in Pluralsight by 1.4% in the 3rd quarter. Clearbridge Investments LLC now owns 372,460 shares of the company’s stock worth $11,919,000 after purchasing an additional 5,070 shares during the period. Vanguard Group Inc. increased its stake in Pluralsight by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,058,780 shares of the company’s stock worth $65,881,000 after purchasing an additional 70,086 shares during the period. Morgan Stanley increased its stake in Pluralsight by 37.2% in the 3rd quarter. Morgan Stanley now owns 84,988 shares of the company’s stock worth $2,720,000 after purchasing an additional 23,062 shares during the period. Finally, Legal & General Group Plc increased its stake in Pluralsight by 810.2% in the 3rd quarter. Legal & General Group Plc now owns 40,903 shares of the company’s stock worth $1,309,000 after purchasing an additional 36,409 shares during the period. 53.36% of the stock is currently owned by institutional investors.

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About Pluralsight

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

See Also: Fundamental Analysis and Choosing Stocks

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