ClariVest Asset Management LLC Has $2.72 Million Position in Pluralsight Inc (NASDAQ:PS)
ClariVest Asset Management LLC reduced its holdings in Pluralsight Inc (NASDAQ:PS) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,800 shares of the company’s stock after selling 900 shares during the period. ClariVest Asset Management LLC’s holdings in Pluralsight were worth $2,723,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Citigroup Inc. grew its stake in shares of Pluralsight by 5,835.7% during the 4th quarter. Citigroup Inc. now owns 27,304 shares of the company’s stock valued at $643,000 after purchasing an additional 26,844 shares during the period. Herald Investment Management Ltd bought a new position in shares of Pluralsight during the 4th quarter valued at approximately $2,179,000. BBR Partners LLC bought a new position in shares of Pluralsight during the 4th quarter valued at approximately $43,348,000. Tompkins Financial Corp bought a new position in shares of Pluralsight during the 1st quarter valued at approximately $37,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Pluralsight by 118.8% during the 1st quarter. State of Alaska Department of Revenue now owns 6,215 shares of the company’s stock valued at $196,000 after acquiring an additional 3,375 shares during the period. Institutional investors and hedge funds own 77.21% of the company’s stock.
In related news, CEO Aaron Skonnard sold 133,395 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.71, for a total transaction of $4,496,745.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Budge sold 1,823 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $33.34, for a total value of $60,778.82. The disclosure for this sale can be found here. Insiders have sold a total of 177,382 shares of company stock worth $5,903,311 over the last ninety days. Insiders own 23.19% of the company’s stock.
Shares of PS opened at $29.78 on Thursday. The company has a market cap of $4.29 billion and a PE ratio of -20.40. Pluralsight Inc has a 1 year low of $17.88 and a 1 year high of $38.37. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. As a group, equities analysts forecast that Pluralsight Inc will post -0.98 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2019/06/13/clarivest-asset-management-llc-has-2-72-million-position-in-pluralsight-inc-nasdaqps.html.
Pluralsight Company Profile
Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
Recommended Story: Stock Symbols Definition, Examples, Lookup
Want to see what other hedge funds are holding PS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pluralsight Inc (NASDAQ:PS).
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.