Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Sells 5,662 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer sold 5,662 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $22.74, for a total value of $128,753.88. Following the completion of the transaction, the chief marketing officer now directly owns 180,480 shares of the company’s stock, valued at approximately $4,104,115.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Fred Studer also recently made the following trade(s):

• On Thursday, June 27th, Fred Studer sold 1,299 shares of PowerSchool stock. The stock was sold at an average price of $22.35, for a total value of $29,032.65.

PowerSchool Price Performance

Shares of PWSC stock opened at $22.79 on Friday. 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 quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -94.96 and a beta of 1.05. The stock’s 50-day simple moving average is $22.63 and its 200-day simple moving average is $21.28.

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

Institutional Trading of PowerSchool

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of PowerSchool by 37.5% in the 4th quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock valued at $944,000 after purchasing an additional 10,932 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 207,237 shares in the last quarter. Homestead Advisers Corp raised its position in shares of PowerSchool by 29.8% in the first quarter. Homestead Advisers Corp now owns 207,669 shares of the company’s stock worth $4,421,000 after acquiring an additional 47,700 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of PowerSchool by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after acquiring an additional 62,870 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of PowerSchool by 58.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock valued at $2,221,000 after acquiring an additional 38,582 shares during the period. 65.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PWSC shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Macquarie lowered PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a report on Monday, June 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price objective (down previously from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. Raymond James downgraded PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.80 target price (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.