Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells 1,400 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at approximately $43,325,904.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The stock was sold at an average price of $20.88, for a total value of $65,772.00.
• On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The stock was 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

PowerSchool stock opened at $20.90 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. PowerSchool Holdings, Inc. has a 1-year low of $16.41 and a 1-year high of $25.16. The stock’s 50 day moving average price is $22.60 and its 200 day moving average price is $22.37.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of PowerSchool by 30.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after buying an additional 101,955 shares during the period. Allspring Global Investments Holdings LLC raised its stake in PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after buying an additional 89,213 shares in the last quarter. Bank of New York Mellon Corp raised its stake in PowerSchool by 13.8% during the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after buying an additional 28,454 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in PowerSchool during the third quarter valued at approximately $373,000. Finally, Wellington Management Group LLP raised its stake in PowerSchool by 8.9% during 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 in the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

About PowerSchool

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.