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.

A number of research analysts recently issued reports on PS shares. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price objective (up from $38.00) on shares of Pluralsight in a research note on Thursday, May 2nd. Bank of America boosted their price objective on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Citigroup started coverage on Pluralsight in a report on Tuesday, May 14th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Zacks Investment Research cut Pluralsight from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Pluralsight presently has an average rating of “Buy” and a consensus price target of $37.49.

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.

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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.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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