Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Sells 2,977 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 2,977 shares of PowerSchool stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $22.74, for a total transaction of $67,696.98. Following the completion of the transaction, the chief financial officer now directly owns 422,547 shares in the company, valued at $9,608,718.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 18th, Eric Ryan Shander sold 4,800 shares of PowerSchool stock. The shares were sold at an average price of $22.77, for a total value of $109,296.00.
• On Thursday, July 11th, Eric Ryan Shander sold 29,200 shares of PowerSchool stock. The stock was sold at an average price of $22.51, for a total value of $657,292.00.
• On Tuesday, July 9th, Eric Ryan Shander sold 30,914 shares of PowerSchool stock. The stock was sold at an average price of $22.51, for a total value of $695,874.14.
• On Thursday, June 27th, Eric Ryan Shander sold 9,789 shares of PowerSchool stock. The shares were sold at an average price of $22.38, for a total value of $219,077.82.

PowerSchool Price Performance

Shares of NYSE PWSC opened at $22.79 on Friday. 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 company has a market capitalization of $4.65 billion, a PE ratio of -94.96 and a beta of 1.05. The firm has a fifty day simple moving average of $22.63 and a 200 day simple moving average of $21.28. PowerSchool Holdings, Inc. has a twelve month low of $16.15 and a twelve month high of $25.16.

PowerSchool (NYSE:PWSC) last announced its earnings results on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $191.59 million for the quarter, compared to the consensus estimate of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. On average, sell-side analysts forecast that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in PowerSchool by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock valued at $203,124,000 after purchasing an additional 29,390 shares in the last quarter. Blair William & Co. IL grew its stake in shares of PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after buying an additional 597,521 shares during the period. Wasatch Advisors LP increased its position in PowerSchool by 12.7% in the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares in the last quarter. Riverbridge Partners LLC raised its stake in PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after buying an additional 935,648 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in PowerSchool by 17.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,279,592 shares of the company’s stock worth $51,041,000 after acquiring an additional 336,791 shares in the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

Wall Street Analyst Weigh In

PWSC has been the topic of a number of research reports. Robert W. Baird restated a “neutral” rating and set a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.80 price objective (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. William Blair reissued a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 price objective (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.02.

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.