Pluralsight Inc (NASDAQ:PS) Position Increased by Meadow Creek Investment Management LLC
Meadow Creek Investment Management LLC boosted its position in shares of Pluralsight Inc (NASDAQ:PS) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,142 shares of the company’s stock after purchasing an additional 2,686 shares during the period. Meadow Creek Investment Management LLC owned 0.12% of Pluralsight worth $5,220,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in Pluralsight by 2.8% in the 2nd quarter. Advisor Group Inc. now owns 12,230 shares of the company’s stock worth $371,000 after purchasing an additional 328 shares during the last quarter. Neuburgh Advisers LLC grew its stake in Pluralsight by 0.6% in the 1st quarter. Neuburgh Advisers LLC now owns 79,744 shares of the company’s stock valued at $2,531,000 after buying an additional 480 shares during the last quarter. Stephens Inc. AR raised its holdings in Pluralsight by 11.9% in the 2nd quarter. Stephens Inc. AR now owns 7,399 shares of the company’s stock worth $224,000 after acquiring an additional 788 shares during the period. Quantamental Technologies LLC bought a new position in Pluralsight in the 2nd quarter worth $31,000. Finally, Parallel Advisors LLC acquired a new position in Pluralsight during the 1st quarter worth $33,000. 78.52% of the stock is owned by hedge funds and other institutional investors.
Pluralsight stock traded up $0.75 during mid-day trading on Wednesday, reaching $16.80. The company had a trading volume of 61,821 shares, compared to its average volume of 2,305,571. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -11.45 and a beta of 2.29. The company has a 50 day moving average of $18.84 and a 200-day moving average of $28.43. Pluralsight Inc has a 52 week low of $14.84 and a 52 week high of $38.37.
A number of research firms have issued reports on PS. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC dropped their price objective on Pluralsight to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Raymond James cut their price objective on Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Citigroup decreased their target price on Pluralsight from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America lowered their target price on Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.05.
In other news, insider Nate Walkingshaw sold 29,579 shares of Pluralsight stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $30.81, for a total transaction of $911,328.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aaron Skonnard sold 84,594 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $30.47, for a total transaction of $2,577,579.18. The disclosure for this sale can be found here. Insiders have sold 146,426 shares of company stock worth $4,177,217 over the last 90 days. Corporate insiders own 23.19% of the company’s stock.
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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