Insider Selling: 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 that occurred on Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total transaction of $677,407.50. Following the completion of the sale, the chief executive officer now directly owns 1,631,768 shares of the company’s stock, valued at $37,155,357.36. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Stock Performance

NYSE:PWSC opened at $22.79 on Friday. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day moving average price of $22.63 and a 200 day moving average price of $21.28. The stock has a market capitalization of $4.65 billion, a P/E ratio of -94.96 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last released 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). PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The company had revenue of $191.59 million for the quarter, compared to analyst estimates of $195.32 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Hedge Funds Weigh In On PowerSchool

Hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the period. Comerica Bank grew its holdings in 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 period. Park Place Capital Corp raised its stake in shares of PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares during the last quarter. Natixis Investment Managers International boosted its position in shares of PowerSchool by 77.1% in the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after buying an additional 1,419 shares in the last quarter. Finally, Quest Partners LLC grew its stake in PowerSchool by 15,274.1% in the 2nd quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock valued at $93,000 after acquiring an additional 4,124 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PWSC shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.80 price objective (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Robert W. Baird restated a “neutral” rating and set a $23.00 price objective (down from $26.00) on shares of PowerSchool in a 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. Finally, Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a report on Monday, June 10th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, PowerSchool currently has a consensus rating of “Hold” and an average target price 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.