PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Sells $50,913.72 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 2,236 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total transaction of $50,913.72. Following the completion of the sale, the chief technology officer now directly owns 386,781 shares of the company’s stock, valued at approximately $8,807,003.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, June 27th, Devendra Singh sold 5,360 shares of PowerSchool stock. The shares were sold at an average price of $22.35, for a total transaction of $119,796.00.

PowerSchool Stock Performance

Shares of PowerSchool stock opened at $22.79 on Friday. The company’s 50 day moving average price is $22.63 and its two-hundred day moving average price is $21.28. The firm has a market capitalization of $4.65 billion, a P/E ratio of -94.96 and a beta of 1.05. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $191.59 million during the quarter, compared to analyst estimates of $195.32 million. PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. On average, equities analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PowerSchool

A number of institutional investors have recently made changes to their positions in PWSC. Principal Financial Group Inc. lifted its stake in PowerSchool by 37.5% in the fourth quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock valued at $944,000 after buying an additional 10,932 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of PowerSchool by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock valued at $39,001,000 after purchasing an additional 207,237 shares during the last quarter. Homestead Advisers Corp raised its stake in shares of PowerSchool by 29.8% during the 1st quarter. Homestead Advisers Corp now owns 207,669 shares of the company’s stock worth $4,421,000 after purchasing an additional 47,700 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of PowerSchool by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after buying an additional 62,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of PowerSchool by 58.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock worth $2,221,000 after purchasing an additional 38,582 shares during the period. Institutional investors own 65.29% of the company’s stock.

Wall Street Analysts Forecast Growth

PWSC has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a $22.80 price objective (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Piper Sandler restated a “neutral” rating and issued a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, PowerSchool currently has a consensus rating of “Hold” and an average price target of $24.02.

PowerSchool Company Profile

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.