Wells Fargo & Company MN Increases Stake in Pluralsight Inc (PS)

Wells Fargo & Company MN grew its stake in shares of Pluralsight Inc (NASDAQ:PS) by 10,170.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,270 shares of the company’s stock after purchasing an additional 10,170 shares during the period. Wells Fargo & Company MN’s holdings in Pluralsight were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Emerald Advisers Inc. PA raised its stake in shares of Pluralsight by 10.4% in the third quarter. Emerald Advisers Inc. PA now owns 502,899 shares of the company’s stock valued at $16,093,000 after acquiring an additional 47,220 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of Pluralsight by 17.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 459,141 shares of the company’s stock valued at $14,693,000 after acquiring an additional 68,775 shares during the period. First Trust Advisors LP purchased a new stake in shares of Pluralsight in the third quarter valued at $2,817,000. Massachusetts Financial Services Co. MA raised its stake in shares of Pluralsight by 41.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,014,579 shares of the company’s stock valued at $32,467,000 after acquiring an additional 298,069 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Pluralsight in the third quarter valued at $340,000. 53.36% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Aaron Skonnard sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $22.14, for a total value of $553,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Karenann K. Terrell sold 123,609 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $19.88, for a total transaction of $2,457,346.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 656,834 shares of company stock worth $15,260,786.



Several research firms recently commented on PS. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Bank of America reduced their price target on shares of Pluralsight from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Raymond James reduced their price target on shares of Pluralsight from $36.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Finally, Robert W. Baird began coverage on shares of Pluralsight in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $22.38 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Pluralsight currently has a consensus rating of “Buy” and a consensus target price of $34.93.

Shares of Pluralsight stock opened at $28.99 on Monday. Pluralsight Inc has a 1 year low of $17.88 and a 1 year high of $38.37.

Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, October 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.06. The business had revenue of $61.55 million for the quarter, compared to the consensus estimate of $57.57 million. As a group, equities analysts forecast that Pluralsight Inc will post -1.14 earnings per share for the current year.

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About Pluralsight

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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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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