PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $677,407.50 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 29,750 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $677,407.50. Following the sale, the chief executive officer now owns 1,631,768 shares in the company, valued at $37,155,357.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, June 27th, Hardeep Gulati sold 24,409 shares of PowerSchool stock. The stock was sold at an average price of $22.35, for a total value of $545,541.15.

PowerSchool Price Performance

Shares of PowerSchool stock opened at $22.79 on Friday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -94.92 and a beta of 1.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $22.63 and its 200-day simple moving average is $21.27. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The business had revenue of $191.59 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts expect that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PWSC has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Baird R W downgraded shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. William Blair reissued a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Finally, Piper Sandler restated a “neutral” rating and set a $22.80 target price (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.02.

Hedge Funds Weigh In On PowerSchool

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after purchasing an additional 2,634,169 shares in the last quarter. Pentwater Capital Management LP purchased a new position in PowerSchool during the 2nd quarter valued at approximately $22,547,000. Riverbridge Partners LLC increased its stake in PowerSchool by 59.5% in the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after acquiring an additional 935,648 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of PowerSchool during the 2nd quarter worth approximately $15,882,000. Finally, Blair William & Co. IL boosted its position in shares of PowerSchool by 17.8% during the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after acquiring an additional 597,521 shares during the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.