Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells 3,150 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 3,150 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $20.88, for a total value of $65,772.00. Following the completion of the transaction, the chief executive officer now directly owns 2,060,616 shares in the company, valued at approximately $43,025,662.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 25th, Hardeep Gulati sold 1,400 shares of PowerSchool stock. The stock was sold at an average price of $21.04, for a total value of $29,456.00.
• On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The shares were sold at an average price of $21.19, for a total value of $829,397.79.
• On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The stock was sold at an average price of $20.75, for a total value of $317,620.25.

PowerSchool Price Performance

PWSC opened at $21.29 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool Holdings, Inc. has a 12 month low of $16.41 and a 12 month high of $25.16. The stock has a fifty day moving average price of $22.55 and a 200-day moving average price of $22.36.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities research analysts expect that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PWSC shares. Piper Sandler reiterated an “overweight” rating and issued a $29.00 target price on shares of PowerSchool in a report on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Finally, UBS Group lifted their target price on PowerSchool from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after acquiring an additional 2,634,169 shares in the last quarter. Wellington Management Group LLP raised its stake in PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after buying an additional 580,969 shares during the last quarter. BlackRock Inc. boosted its holdings in PowerSchool by 5.2% in the second quarter. BlackRock Inc. now owns 3,807,738 shares of the company’s stock worth $72,880,000 after acquiring an additional 188,610 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of PowerSchool by 12.1% during the fourth quarter. Wasatch Advisors LP now owns 3,490,120 shares of the company’s stock worth $82,227,000 after acquiring an additional 375,805 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of PowerSchool by 8.1% during the third quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock valued at $75,027,000 after acquiring an additional 248,612 shares in the last quarter. 65.29% of the stock is owned by institutional investors.

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.