PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati Sells 39,333 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CEO Hardeep Gulati sold 39,333 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.89, for a total value of $821,666.37. Following the sale, the chief executive officer now directly owns 1,997,821 shares in the company, valued at approximately $41,734,480.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total value of $161,861.76.
  • 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 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 PowerSchool stock opened at $20.79 on Thursday. PowerSchool Holdings, Inc. has a one year low of $16.41 and a one year high of $25.16. The business has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $22.33. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSCGet Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.10 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 firm had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. As a group, analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on PWSC. UBS Group lifted their target price on PowerSchool from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. The Goldman Sachs Group lifted 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. Piper Sandler reaffirmed an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a report on Wednesday, March 6th. Finally, TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Read Our Latest Research Report on PowerSchool

Institutional Trading of PowerSchool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after buying an additional 2,634,169 shares in the last quarter. Wellington Management Group LLP boosted its stake in PowerSchool by 8.9% during the 3rd 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. boosted its stake in PowerSchool by 5.2% during the 2nd 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 boosted its stake in PowerSchool by 12.1% during the 4th 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 boosted its stake in PowerSchool by 8.1% during the 3rd 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 owned by institutional investors.

About PowerSchool

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PowerSchool (NYSE:PWSC)

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