Pluralsight Inc (PS) Insider Sells $118,880.37 in Stock

Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 3,851 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $30.87, for a total transaction of $118,880.37. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Nate Walkingshaw also recently made the following trade(s):

  • On Monday, April 29th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The shares were sold at an average price of $34.43, for a total transaction of $132,624.36.
  • On Monday, April 15th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The shares were sold at an average price of $32.58, for a total transaction of $125,465.58.
  • On Tuesday, April 2nd, Nate Walkingshaw sold 20,316 shares of Pluralsight stock. The shares were sold at an average price of $31.43, for a total transaction of $638,531.88.
  • On Monday, March 18th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The shares were sold at an average price of $29.84, for a total transaction of $114,913.84.
  • On Monday, March 11th, Nate Walkingshaw sold 70,000 shares of Pluralsight stock. The shares were sold at an average price of $28.37, for a total transaction of $1,985,900.00.
  • On Monday, March 4th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The shares were sold at an average price of $33.21, for a total transaction of $127,924.92.
  • On Friday, February 22nd, Nate Walkingshaw sold 2,644 shares of Pluralsight stock. The shares were sold at an average price of $29.66, for a total transaction of $78,421.04.

Shares of PS stock traded up $0.47 during mid-day trading on Wednesday, reaching $33.15. 701,063 shares of the company’s stock traded hands, compared to its average volume of 1,659,763. Pluralsight Inc has a 12 month low of $17.88 and a 12 month high of $38.37. The stock has a market cap of $4.25 billion and a PE ratio of -22.71. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.68.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. The business’s revenue for the quarter was up 40.2% on a year-over-year basis. On average, sell-side analysts forecast that Pluralsight Inc will post -0.98 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Citigroup started coverage on shares of Pluralsight in a research report on Tuesday. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research cut shares of Pluralsight from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $42.00 target price (up previously from $38.00) on shares of Pluralsight in a report on Thursday, May 2nd. Finally, Bank of America boosted their target price on shares of Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.34.

Several hedge funds have recently made changes to their positions in PS. Parallel Advisors LLC bought a new position in Pluralsight during the 1st quarter valued at about $33,000. Daiwa Securities Group Inc. bought a new position in Pluralsight during the 1st quarter valued at about $33,000. Icon Wealth Partners LLC bought a new position in Pluralsight during the 1st quarter valued at about $34,000. Fifth Third Bancorp bought a new position in Pluralsight during the 1st quarter valued at about $36,000. Finally, Tompkins Financial Corp bought a new position in Pluralsight during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 61.44% of the company’s stock.

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About Pluralsight

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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