Devendra Singh Sells 5,360 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 5,360 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $22.35, for a total transaction of $119,796.00. Following the completion of the transaction, the chief technology officer now directly owns 389,017 shares in the company, valued at approximately $8,694,529.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Devendra Singh also recently made the following trade(s):

• On Thursday, June 20th, Devendra Singh sold 2,235 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total transaction of $49,907.55.
• On Wednesday, April 3rd, Devendra Singh sold 2,775 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $57,303.75.
• On Monday, April 1st, Devendra Singh sold 2,752 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total value of $57,296.64.

PowerSchool Trading Down 0.4 %

NYSE:PWSC opened at $22.39 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.24. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The stock has a market cap of $4.56 billion, a P/E ratio of -93.29 and a beta of 1.06. The stock has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $21.65.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $184.97 million during the quarter, compared to analysts’ expectations of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on PWSC. Jefferies Financial Group reiterated a “hold” rating and issued a $22.80 price objective (down previously from $30.00) on shares of PowerSchool in a report on Monday, June 10th. Needham & Company LLC reissued a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Barclays dropped their price objective on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. UBS Group reduced their target price on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PowerSchool currently has a consensus rating of “Hold” and an average target price of $24.52.

Institutional Investors Weigh In On PowerSchool

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of PowerSchool by 30.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after purchasing an additional 101,955 shares during the last quarter. Rhumbline Advisers boosted its position in shares of PowerSchool by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 78,700 shares of the company’s stock valued at $1,783,000 after purchasing an additional 1,745 shares during the period. PNC Financial Services Group Inc. grew its stake in PowerSchool by 38.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,137 shares of the company’s stock worth $320,000 after buying an additional 3,929 shares during the last quarter. Invesco Ltd. increased its position in PowerSchool by 33.3% during the third quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock worth $31,969,000 after buying an additional 352,240 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in PowerSchool by 90.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,119 shares of the company’s stock valued at $886,000 after buying an additional 18,598 shares during the last quarter. 65.29% of the stock is currently 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.