TimesSquare Capital Management LLC boosted its position in shares of Pluralsight Inc (NASDAQ:PS) by 38.6% in the second quarter, HoldingsChannel.com reports. The fund owned 5,640,285 shares of the company’s stock after acquiring an additional 1,571,685 shares during the quarter. Pluralsight comprises about 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 7th largest holding. TimesSquare Capital Management LLC’s holdings in Pluralsight were worth $171,013,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC acquired a new position in shares of Pluralsight in the 1st quarter valued at about $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Pluralsight in the 1st quarter valued at about $33,000. Rehmann Capital Advisory Group acquired a new position in shares of Pluralsight in the 1st quarter valued at about $34,000. Icon Wealth Partners LLC acquired a new position in shares of Pluralsight in the 1st quarter valued at about $34,000. Finally, Tompkins Financial Corp acquired a new position in shares of Pluralsight in the 1st quarter valued at about $37,000. 81.93% of the stock is owned by institutional investors.
In other Pluralsight news, insider Nate Walkingshaw sold 3,852 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $33.42, for a total transaction of $128,733.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy I. Maudlin acquired 30,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $16.58 per share, with a total value of $497,400.00. The disclosure for this purchase can be found here. Insiders sold a total of 142,495 shares of company stock valued at $4,228,330 in the last ninety days. 23.19% of the stock is currently owned by insiders.
Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The business had revenue of $75.90 million during the quarter, compared to analyst estimates of $73.87 million. Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The business’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) EPS. Equities analysts forecast that Pluralsight Inc will post -1.02 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Citigroup decreased their price objective on Pluralsight from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, August 2nd. KeyCorp decreased their price objective on Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Raymond James decreased their price objective on Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Barrington Research started coverage on Pluralsight in a report on Monday, July 22nd. They issued an “outperform” rating and a $40.00 price target for the company. Finally, SunTrust Banks reduced their price target on Pluralsight to $27.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $34.40.
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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