Norges Bank purchased a new stake in shares of Pluralsight Inc (NASDAQ:PS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 63,969 shares of the company’s stock, valued at approximately $1,506,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in Pluralsight by 5,835.7% in the 4th quarter. Citigroup Inc. now owns 27,304 shares of the company’s stock worth $643,000 after purchasing an additional 26,844 shares during the period. Legal & General Group Plc raised its holdings in Pluralsight by 810.2% in the 3rd quarter. Legal & General Group Plc now owns 40,903 shares of the company’s stock worth $1,309,000 after purchasing an additional 36,409 shares during the period. Tygh Capital Management Inc. bought a new position in Pluralsight in the 4th quarter worth $4,396,000. Vanguard Group Inc raised its holdings in Pluralsight by 3.5% during the third quarter. Vanguard Group Inc now owns 2,058,780 shares of the company’s stock valued at $65,881,000 after acquiring an additional 70,086 shares during the period. Finally, BlackRock Inc. raised its holdings in Pluralsight by 48.9% during the third quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock valued at $56,824,000 after acquiring an additional 582,839 shares during the period. 59.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target (up from $38.00) on shares of Pluralsight in a report on Thursday, May 2nd. Bank of America raised their price target on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.71.
Shares of Pluralsight stock opened at $33.98 on Tuesday. The stock has a market cap of $4.71 billion and a PE ratio of -23.27. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.68. Pluralsight Inc has a twelve month low of $17.88 and a twelve month high of $38.37.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $69.60 million during the quarter, compared to analyst estimates of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The business’s revenue was up 40.2% on a year-over-year basis. Analysts anticipate that Pluralsight Inc will post -0.79 earnings per share for the current fiscal year.
In other news, CEO Aaron Skonnard sold 480,618 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.37, for a total transaction of $13,635,132.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $28.37, for a total value of $225,348,073.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,120,100 shares of company stock valued at $259,952,020. Company insiders own 23.19% of the company’s stock.
Pluralsight Company Profile
Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
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