Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $545,541.15 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 24,409 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $545,541.15. Following the transaction, the chief executive officer now directly owns 1,661,518 shares of the company’s stock, valued at $37,134,927.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 20th, Hardeep Gulati sold 29,740 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total value of $664,094.20.
• On Monday, June 3rd, Hardeep Gulati sold 85,000 shares of PowerSchool stock. The shares were sold at an average price of $21.35, for a total transaction of $1,814,750.00.
• On Tuesday, May 28th, Hardeep Gulati sold 39,834 shares of PowerSchool stock. The stock was sold at an average price of $21.17, for a total transaction of $843,285.78.
• On Friday, May 24th, Hardeep Gulati sold 4,900 shares of PowerSchool stock. The shares were sold at an average price of $21.03, for a total transaction of $103,047.00.
• On Wednesday, May 22nd, Hardeep Gulati sold 7,566 shares of PowerSchool stock. The shares were sold at an average price of $21.02, for a total value of $159,037.32.
• On Monday, May 20th, Hardeep Gulati sold 100 shares of PowerSchool stock. The stock was sold at an average price of $21.11, for a total value of $2,111.00.
• On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The shares were sold at an average price of $19.37, for a total value of $395,806.58.
• On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The stock was sold at an average price of $19.01, for a total transaction of $72,238.00.
• On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43.
• On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The shares were sold at an average price of $21.06, for a total transaction of $461,214.00.

PowerSchool Trading Down 0.4 %

Shares of PowerSchool stock opened at $22.39 on Monday. The firm has a market cap of $4.56 billion, a PE ratio of -93.29 and a beta of 1.06. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a fifty day moving average price of $20.23 and a 200-day moving average price of $21.65.

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

Wall Street Analyst Weigh In

PWSC has been the subject of several research reports. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price for the company. in a research note on Monday, June 10th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. UBS Group reduced their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Barclays lowered their price objective on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.52.

Institutional Investors Weigh In On PowerSchool

A number of hedge funds have recently modified their holdings of PWSC. Covestor Ltd grew its holdings in 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 purchasing an additional 1,000 shares during the period. Orion Capital Management LLC bought a new position in shares of PowerSchool during the 3rd quarter worth $32,000. Comerica Bank grew its stake in shares of PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the period. Park Place Capital Corp increased its holdings in PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after acquiring an additional 773 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in PowerSchool by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after acquiring an additional 746 shares during the period. Institutional investors own 65.29% of the company’s stock.

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.