Hardeep Gulati Sells 3,150 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 3,150 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $20.88, for a total value of $65,772.00. Following the completion of the transaction, the chief executive officer now directly owns 2,060,616 shares in the company, valued at $43,025,662.08. The sale was disclosed in a filing with the SEC, which is available 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 value 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 value 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 value of $317,620.25.

PowerSchool Stock Up 0.2 %

Shares of PWSC stock opened at $20.90 on Thursday. 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 Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $25.16. The business has a fifty day simple moving average of $22.60 and a 200 day simple moving average of $22.37.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group upped their price objective on PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, December 15th. Piper Sandler reissued an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a report on Wednesday, March 6th. The Goldman Sachs Group increased their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Hedge Funds Weigh In On PowerSchool

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after purchasing an additional 2,634,169 shares during the last quarter. Wellington Management Group LLP raised its position in PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after purchasing an additional 580,969 shares during the last quarter. BlackRock Inc. raised its position in PowerSchool by 5.2% in the second quarter. BlackRock Inc. now owns 3,807,738 shares of the company’s stock valued at $72,880,000 after purchasing an additional 188,610 shares during the last quarter. Wasatch Advisors LP raised its position in PowerSchool by 12.1% in the fourth quarter. Wasatch Advisors LP now owns 3,490,120 shares of the company’s stock valued at $82,227,000 after purchasing an additional 375,805 shares during the last quarter. Finally, Blair William & Co. IL raised its position in PowerSchool by 8.1% in the third quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock valued at $75,027,000 after purchasing an additional 248,612 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors.

PowerSchool Company Profile

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.