Oppenheimer & Co. Inc. trimmed its holdings in Pluralsight Inc (NASDAQ:PS) by 34.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,510 shares of the company’s stock after selling 5,931 shares during the period. Oppenheimer & Co. Inc.’s holdings in Pluralsight were worth $349,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of PS. FIL Ltd acquired a new position in shares of Pluralsight during the first quarter worth about $94,480,000. First Trust Advisors LP increased its stake in shares of Pluralsight by 2,507.4% during the second quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after acquiring an additional 2,721,132 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Pluralsight by 87.6% during the first quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock worth $129,137,000 after acquiring an additional 1,899,315 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Pluralsight by 152.2% during the first quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock worth $86,358,000 after acquiring an additional 1,642,071 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Pluralsight by 3,747.0% during the first quarter. Wells Fargo & Company MN now owns 1,322,146 shares of the company’s stock worth $41,965,000 after acquiring an additional 1,287,778 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Barrington Research reiterated a “buy” rating on shares of Pluralsight in a research note on Thursday. Citigroup lowered their target price on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. KeyCorp lowered their target price on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, SunTrust Banks lowered their target price on shares of Pluralsight to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.05.
In other news, CEO Aaron Skonnard sold 84,594 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $30.47, for a total value of $2,577,579.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy I. Maudlin purchased 30,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $16.58 per share, for a total transaction of $497,400.00. The disclosure for this purchase can be found here. Insiders have sold 146,426 shares of company stock worth $4,177,217 over the last 90 days. 23.19% of the stock is currently owned by company insiders.
PS traded up $0.20 on Thursday, hitting $17.10. 577,345 shares of the company were exchanged, compared to its average volume of 1,954,210. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82. The business’s fifty day moving average is $18.58 and its 200 day moving average is $28.36. Pluralsight Inc has a fifty-two week low of $14.84 and a fifty-two week high of $38.37. The firm has a market capitalization of $2.19 billion, a P/E ratio of -11.71 and a beta of 2.29.
Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The company had revenue of $75.90 million for the quarter, compared to analyst estimates of $73.87 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 41.6% compared to the same quarter last year. Analysts forecast that Pluralsight Inc will post -1.02 EPS for the current fiscal year.
Pluralsight Company Profile
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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