Anthony Kender Sells 6,406 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CRO Anthony Kender sold 6,406 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 transaction of $145,672.44. Following the completion of the sale, the executive now owns 247,201 shares in the company, valued at $5,621,350.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

PowerSchool Trading Up 0.1 %

NYSE PWSC opened at $22.79 on Friday. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16. The company has a 50-day moving average of $22.63 and a 200-day moving average of $21.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $4.65 billion, a P/E ratio of -94.96 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last posted 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 business had revenue of $191.59 million for the quarter, compared to analyst estimates of $195.32 million. PowerSchool had a positive return on equity of 6.10% and a negative net margin of 7.51%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. As a group, equities analysts predict that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PWSC shares. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 target price (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Macquarie downgraded shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price for the company. in a research note on Monday, June 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Piper Sandler reissued a “neutral” rating and issued a $22.80 target price (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Ten research 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, PowerSchool has an average rating of “Hold” and an average target price of $24.02.

Institutional Trading of PowerSchool

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd increased its position in PowerSchool by 353.4% during the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Park Place Capital Corp increased its position in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after purchasing an additional 773 shares in the last quarter. Comerica Bank increased its position in PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Natixis Investment Managers International increased its position in PowerSchool by 77.1% during the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Quest Partners LLC increased its position in PowerSchool by 15,274.1% during the 2nd quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock worth $93,000 after purchasing an additional 4,124 shares in the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

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.