Hardeep Gulati Sells 1,400 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the completion of the transaction, the chief executive officer now owns 2,059,216 shares of the company’s stock, valued at $43,325,904.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The stock was sold at an average price of $20.88, for a total value of $65,772.00.
• On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The stock was sold at an average price of $21.19, for a total value of $829,397.79.
• On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The stock was sold at an average price of $20.75, for a total value of $317,620.25.

PowerSchool Price Performance

Shares of PWSC opened at $20.90 on Thursday. The business has a fifty day moving average of $22.60 and a 200 day moving average of $22.37. PowerSchool Holdings, Inc. has a 52-week low of $16.41 and a 52-week high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

PowerSchool (NYSE:PWSC) last issued 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). The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, research analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Institutional Trading of PowerSchool

A number of hedge funds and other institutional investors have recently bought and sold shares of PWSC. JPMorgan Chase & Co. increased its stake in PowerSchool by 247.8% in the first quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after purchasing an additional 97,789 shares during the period. MetLife Investment Management LLC increased its stake in PowerSchool by 22.8% in the first quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after purchasing an additional 4,613 shares during the period. Blair William & Co. IL increased its stake in PowerSchool by 54.2% in the first quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after purchasing an additional 43,039 shares during the period. Lord Abbett & CO. LLC purchased a new stake in PowerSchool in the first quarter worth $11,702,000. Finally, Sei Investments Co. increased its stake in PowerSchool by 2.6% in the first quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock worth $1,304,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PWSC shares. UBS Group increased their target price on PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. The Goldman Sachs Group increased their target price on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.