Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Sells 9,789 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 9,789 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $22.38, for a total transaction of $219,077.82. Following the completion of the transaction, the chief financial officer now owns 493,564 shares of the company’s stock, valued at approximately $11,045,962.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Eric Ryan Shander also recently made the following trade(s):

• On Thursday, June 20th, Eric Ryan Shander sold 4,797 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total transaction of $107,117.01.
• On Monday, June 10th, Eric Ryan Shander sold 1,600 shares of PowerSchool stock. The stock was sold at an average price of $22.50, for a total transaction of $36,000.00.
• On Tuesday, June 4th, Eric Ryan Shander sold 16,070 shares of PowerSchool stock. The stock was sold at an average price of $22.12, for a total transaction of $355,468.40.
• On Wednesday, April 3rd, Eric Ryan Shander sold 3,280 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $67,732.00.
• On Monday, April 1st, Eric Ryan Shander sold 3,254 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total transaction of $67,748.28.

PowerSchool Stock Performance

Shares of NYSE:PWSC traded down $0.08 on Friday, hitting $22.39. The company had a trading volume of 2,234,581 shares, compared to its average volume of 1,496,286. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -93.29 and a beta of 1.06. The stock has a 50 day moving average price of $20.13 and a 200 day moving average price of $21.65. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS 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 business had revenue of $184.97 million for the quarter, compared to the consensus estimate of $184.45 million. Analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PWSC shares. Robert W. Baird reissued a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a 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. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Finally, Barclays dropped their price target on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.52.

Hedge Funds Weigh In On PowerSchool

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of PowerSchool by 30.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after acquiring an additional 101,955 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of PowerSchool by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 78,700 shares of the company’s stock worth $1,783,000 after buying an additional 1,745 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in PowerSchool by 38.5% during the third quarter. PNC Financial Services Group Inc. now owns 14,137 shares of the company’s stock valued at $320,000 after purchasing an additional 3,929 shares during the last quarter. Invesco Ltd. increased its position in shares of PowerSchool by 33.3% during the third quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock valued at $31,969,000 after buying an additional 352,240 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of PowerSchool by 90.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,119 shares of the company’s stock valued at $886,000 after buying an additional 18,598 shares during the period. 65.29% of the stock is owned by 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.