PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati Sells 6,171 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $21.33, for a total value of $131,627.43. Following the sale, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The stock was sold at an average price of $21.06, for a total value of $461,214.00.
• On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value of $183,723.05.
• On Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The stock was sold at an average price of $20.89, for a total value of $821,666.37.
• On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The stock was 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 shares were 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 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 0.6 %

NYSE:PWSC opened at $17.67 on Tuesday. PowerSchool Holdings, Inc. has a 1 year low of $16.41 and a 1 year high of $25.16. 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 stock has a market cap of $3.58 billion, a price-to-earnings ratio of -93.00, a PEG ratio of 0.51 and a beta of 0.89. The stock has a 50-day moving average price of $20.47 and a two-hundred day moving average price of $21.95.

PowerSchool (NYSE:PWSC) last posted 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). The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities analysts expect that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of PowerSchool by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock worth $42,961,000 after buying an additional 50,094 shares during the period. Riverbridge Partners LLC boosted its position in shares of PowerSchool by 6.7% during the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after buying an additional 97,643 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PowerSchool by 30.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after buying an additional 101,955 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock worth $9,508,000 after acquiring an additional 89,213 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in PowerSchool by 13.8% during the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock worth $5,305,000 after acquiring an additional 28,454 shares in the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a report on Tuesday, April 23rd. Finally, TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a research note 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.com, PowerSchool has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

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.