Nate Walkingshaw Sells 70,000 Shares of Pluralsight Inc (PS) Stock

Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.37, for a total value of $1,985,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nate Walkingshaw also recently made the following trade(s):

  • On Monday, March 4th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The stock was sold at an average price of $33.21, for a total value of $127,924.92.
  • On Friday, February 22nd, Nate Walkingshaw sold 2,644 shares of Pluralsight stock. The stock was sold at an average price of $29.66, for a total value of $78,421.04.
  • On Friday, February 1st, Nate Walkingshaw sold 68,431 shares of Pluralsight stock. The stock was sold at an average price of $30.00, for a total value of $2,052,930.00.
  • On Wednesday, January 2nd, Nate Walkingshaw sold 45,625 shares of Pluralsight stock. The stock was sold at an average price of $22.70, for a total value of $1,035,687.50.

NASDAQ:PS opened at $29.02 on Friday. Pluralsight Inc has a fifty-two week low of $17.88 and a fifty-two week high of $38.37. The stock has a market cap of $4.01 billion and a price-to-earnings ratio of -19.88.

Pluralsight (NASDAQ:PS) last released its earnings results on Wednesday, February 13th. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.14). Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The business had revenue of $67.26 million for the quarter, compared to analysts’ expectations of $65.76 million. During the same period last year, the firm earned ($0.53) EPS. The company’s revenue was up 41.9% compared to the same quarter last year. As a group, equities research analysts forecast that Pluralsight Inc will post -0.79 earnings per share for the current year.

Several research firms have issued reports on PS. Bank of America boosted their price objective on Pluralsight from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Robert W. Baird started coverage on Pluralsight in a research note on Wednesday, November 28th. They set an “outperform” rating and a $22.38 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.26.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Pluralsight by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 253,067 shares of the company’s stock valued at $5,959,000 after acquiring an additional 22,748 shares in the last quarter. Norges Bank bought a new stake in shares of Pluralsight in the 4th quarter valued at approximately $1,506,000. Millennium Management LLC grew its stake in shares of Pluralsight by 154.4% in the 4th quarter. Millennium Management LLC now owns 158,325 shares of the company’s stock valued at $3,729,000 after buying an additional 96,080 shares in the last quarter. Ashford Capital Management Inc. grew its stake in shares of Pluralsight by 77.4% in the 4th quarter. Ashford Capital Management Inc. now owns 547,460 shares of the company’s stock valued at $12,893,000 after buying an additional 238,880 shares in the last quarter. Finally, Vista Equity Partners Management LLC grew its stake in shares of Pluralsight by 189.6% in the 4th quarter. Vista Equity Partners Management LLC now owns 670,477 shares of the company’s stock valued at $15,790,000 after buying an additional 438,998 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

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Pluralsight Company Profile

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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