Pluralsight Inc (NASDAQ:PS) Insider Nate Walkingshaw Sells 5,000 Shares

Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.32, for a total value of $81,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PS stock traded up $0.15 during trading on Wednesday, hitting $16.35. 1,139,986 shares of the company traded hands, compared to its average volume of 1,836,630. The stock’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $22.49. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $2.39 billion, a PE ratio of -11.20 and a beta of 2.22. Pluralsight Inc has a 1 year low of $14.84 and a 1 year high of $35.70.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The company had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $79.83 million. Pluralsight had a negative return on equity of 46.91% and a negative net margin of 32.59%. Pluralsight’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. Research analysts expect that Pluralsight Inc will post -1.03 earnings per share for the current year.

Several research analysts have recently issued reports on PS shares. Zacks Investment Research upgraded Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Morgan Stanley started coverage on Pluralsight in a research note on Monday, November 25th. They issued an “equal weight” rating and a $20.00 price objective for the company. Bank of America reduced their price objective on Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Needham & Company LLC reduced their price objective on Pluralsight from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Berenberg Bank started coverage on Pluralsight in a research note on Wednesday, September 18th. They issued a “buy” rating and a $24.00 price objective for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.11.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Pluralsight by 31.5% during the second quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock valued at $197,164,000 after acquiring an additional 1,558,996 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Pluralsight by 38.6% during the second quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock valued at $171,013,000 after acquiring an additional 1,571,685 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Pluralsight by 65.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock valued at $151,176,000 after acquiring an additional 1,977,794 shares in the last quarter. First Trust Advisors LP raised its position in Pluralsight by 54.2% during the third quarter. First Trust Advisors LP now owns 4,363,979 shares of the company’s stock valued at $73,293,000 after acquiring an additional 1,534,322 shares in the last quarter. Finally, Riverbridge Partners LLC raised its position in Pluralsight by 63.4% during the third quarter. Riverbridge Partners LLC now owns 4,051,477 shares of the company’s stock valued at $68,045,000 after acquiring an additional 1,572,309 shares in the last quarter. Institutional investors own 82.23% 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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