Fred Studer Sells 1,299 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer sold 1,299 shares of PowerSchool stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total transaction of $29,032.65. Following the completion of the sale, the chief marketing officer now owns 186,142 shares of the company’s stock, valued at approximately $4,160,273.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fred Studer also recently made the following trade(s):

• On Wednesday, June 5th, Fred Studer sold 5,449 shares of PowerSchool stock. The stock was sold at an average price of $22.23, for a total transaction of $121,131.27.
• On Wednesday, April 3rd, Fred Studer sold 1,054 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $21,765.10.
• On Monday, April 1st, Fred Studer sold 1,045 shares of PowerSchool stock. The shares were sold at an average price of $20.82, for a total transaction of $21,756.90.

PowerSchool Stock Down 0.4 %

Shares of PWSC traded down $0.08 during trading hours on Friday, reaching $22.39. The company’s stock had a trading volume of 2,234,581 shares, compared to its average volume of 1,496,286. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -93.29 and a beta of 1.06. The company has a 50 day moving average of $20.13 and a two-hundred day moving average of $21.65. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, research analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PWSC shares. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 price target (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Piper Sandler reiterated a “neutral” rating and issued a $22.80 price target (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Raymond James downgraded PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Finally, Barclays cut their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.52.

Institutional Investors Weigh In On PowerSchool

A number of large investors have recently added to or reduced their stakes in PWSC. Comerica Bank grew its holdings in shares of PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of PowerSchool during the first quarter worth $639,000. Price T Rowe Associates Inc. MD grew its holdings in shares of PowerSchool by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after purchasing an additional 62,870 shares during the last quarter. Natixis Investment Managers International grew its holdings in shares of PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

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.