Pluralsight Inc (NASDAQ:PS) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 2,148,108 shares, a drop of 29.9% from the February 15th total of 3,065,445 shares. Based on an average daily volume of 1,396,065 shares, the days-to-cover ratio is currently 1.5 days. Currently, 5.0% of the company’s shares are short sold.

PS has been the topic of several research analyst reports. Bank of America lifted their target price on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. Finally, Robert W. Baird initiated coverage on Pluralsight in a research note on Wednesday, November 28th. They set an “outperform” rating and a $22.38 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pluralsight presently has an average rating of “Buy” and a consensus target price of $35.26.

In related news, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of Pluralsight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.37, for a total value of $225,348,073.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nate Walkingshaw sold 45,625 shares of Pluralsight stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $22.70, for a total value of $1,035,687.50. The disclosure for this sale can be found here. Insiders sold a total of 9,193,491 shares of company stock worth $260,944,433 in the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. acquired a new stake in Pluralsight in the 4th quarter worth approximately $130,000. Bank of Montreal Can lifted its holdings in shares of Pluralsight by 15.8% during the fourth quarter. Bank of Montreal Can now owns 5,821 shares of the company’s stock worth $137,000 after buying an additional 793 shares during the last quarter. Domini Impact Investments LLC acquired a new position in shares of Pluralsight during the third quarter worth approximately $239,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Pluralsight during the fourth quarter worth approximately $278,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Pluralsight during the fourth quarter worth approximately $319,000. 68.26% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PS opened at $29.02 on Friday. The company has a market capitalization of $4.01 billion and a P/E ratio of -19.88. Pluralsight has a 52 week low of $17.88 and a 52 week high of $38.37.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.14). The firm had revenue of $67.26 million during the quarter, compared to the consensus estimate of $65.76 million. Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.53) EPS. On average, research analysts expect that Pluralsight will post -0.79 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Pluralsight Inc (PS) Short Interest Update” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2019/03/15/pluralsight-inc-ps-short-interest-update.html.

About Pluralsight

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

Featured Article: What is a short straddle?

Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.