PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Sells $49,907.55 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CTO Devendra Singh sold 2,235 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total transaction of $49,907.55. Following the transaction, the chief technology officer now directly owns 394,377 shares in the company, valued at $8,806,438.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Devendra Singh also recently made the following trade(s):

  • On Wednesday, April 3rd, Devendra Singh sold 2,775 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $57,303.75.
  • On Monday, April 1st, Devendra Singh sold 2,752 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total transaction of $57,296.64.
  • On Wednesday, March 27th, Devendra Singh sold 2,750 shares of PowerSchool stock. The shares were sold at an average price of $20.87, for a total value of $57,392.50.

PowerSchool Trading Up 0.1 %

PWSC opened at $22.34 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $20.03 and its 200 day moving average price is $21.65. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16.

PowerSchool (NYSE:PWSCGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $184.97 million for the quarter, compared to analyst estimates of $184.45 million. Equities research analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On PowerSchool

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in shares of PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the last quarter. Sandia Investment Management LP bought a new position in PowerSchool in the 1st quarter worth about $639,000. Price T Rowe Associates Inc. MD increased its stake in shares of PowerSchool by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock valued at $25,852,000 after purchasing an additional 62,870 shares during the period. Natixis Investment Managers International raised its holdings in shares of PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after buying an additional 1,419 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on PWSC. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a report on Monday, June 10th. Jefferies Financial Group reiterated a “hold” rating and set a $22.80 target price (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Cantor Fitzgerald reissued a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Baird R W cut shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Finally, UBS Group decreased their price objective on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PowerSchool has a consensus rating of “Hold” and a consensus target price of $24.52.

View Our Latest Report on PowerSchool

PowerSchool Company Profile

(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.

Further Reading

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

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