Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells 3,150 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 3,150 shares of PowerSchool stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $20.88, for a total value of $65,772.00. Following the transaction, the chief executive officer now directly owns 2,060,616 shares in the company, valued at $43,025,662.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hardeep Gulati also recently made the following trade(s):

• On Monday, March 25th, Hardeep Gulati sold 1,400 shares of PowerSchool stock. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00.
• On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79.
• On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25.

PowerSchool Stock Up 0.2 %

Shares of NYSE PWSC opened at $20.90 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $22.60 and its two-hundred day moving average is $22.37. PowerSchool Holdings, Inc. has a 52-week low of $16.41 and a 52-week high of $25.16.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. On average, analysts forecast that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of PowerSchool

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of PowerSchool by 262.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company’s stock worth $27,000 after buying an additional 976 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of PowerSchool in the 3rd quarter worth about $32,000. Fifth Third Bancorp bought a new stake in shares of PowerSchool in the 3rd quarter worth about $35,000. Royal Bank of Canada increased its holdings in shares of PowerSchool by 63.5% in the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock worth $35,000 after buying an additional 829 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of PowerSchool by 3,244.4% in the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after buying an additional 2,628 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. UBS Group lifted their target price on shares of PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. Finally, TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.