PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Sells $119,796.00 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 5,360 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $22.35, for a total transaction of $119,796.00. Following the sale, the chief technology officer now directly owns 389,017 shares in the company, valued at approximately $8,694,529.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Devendra Singh also recently made the following trade(s):

• On Thursday, June 20th, Devendra Singh sold 2,235 shares of PowerSchool stock. The stock was sold at an average price of $22.33, for a total transaction of $49,907.55.
• On Wednesday, April 3rd, Devendra Singh sold 2,775 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total transaction of $57,303.75.
• On Monday, April 1st, Devendra Singh sold 2,752 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total transaction of $57,296.64.

PowerSchool Price Performance

Shares of PWSC stock traded down $0.08 during mid-day trading on Friday, reaching $22.39. The stock had a trading volume of 2,234,581 shares, compared to its average volume of 1,496,286. PowerSchool Holdings, Inc. has a 12-month low of $16.15 and a 12-month high of $25.16. The company has a market cap of $4.56 billion, a P/E ratio of -93.29 and a beta of 1.06. The business has a 50-day simple moving average of $20.13 and a 200 day simple moving average of $21.65. The company has a current ratio of 0.24, a quick 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The firm had revenue of $184.97 million during the quarter, compared to analysts’ expectations of $184.45 million. On average, sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

PWSC has been the topic of a number of recent research reports. Barclays cut their target price on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. UBS Group cut their target price on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group restated a “hold” rating and set a $22.80 target price (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. William Blair reiterated a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Finally, Macquarie lowered shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a research note on Monday, June 10th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in PowerSchool by 38.3% during the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after purchasing an additional 2,634,169 shares in the last quarter. Riverbridge Partners LLC increased its position in PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after purchasing an additional 935,648 shares in the last quarter. Blair William & Co. IL increased its position in PowerSchool by 17.8% during the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after purchasing an additional 597,521 shares in the last quarter. Wellington Management Group LLP increased its position in PowerSchool by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Finally, Wasatch Advisors LP increased its position in PowerSchool by 12.7% during the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after purchasing an additional 442,340 shares in the last quarter. Hedge funds and other 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.