PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati Sells 3,800 Shares

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CEO Hardeep Gulati sold 3,800 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $19.01, for a total transaction of $72,238.00. Following the completion of the transaction, the chief executive officer now owns 1,901,867 shares of the company’s stock, valued at approximately $36,154,491.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hardeep Gulati also recently made the following trade(s):

  • On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The stock was sold at an average price of $19.37, for a total value of $395,806.58.
  • On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43.
  • On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The stock was sold at an average price of $21.06, for a total transaction of $461,214.00.
  • On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total value of $183,723.05.
  • On Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The shares were sold at an average price of $20.89, for a total value of $821,666.37.
  • On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total transaction of $161,861.76.
  • On Monday, March 25th, Hardeep Gulati sold 1,400 shares of PowerSchool stock. The shares were sold at an average price of $21.04, for a total value of $29,456.00.
  • On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The stock was sold at an average price of $20.88, for a total value of $65,772.00.
  • On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The shares were sold at an average price of $21.19, for a total value of $829,397.79.
  • On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25.

PowerSchool Price Performance

PWSC stock traded up $0.68 on Friday, reaching $19.71. 733,851 shares of the company were exchanged, compared to its average volume of 1,613,414. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16. The stock’s fifty day moving average price is $19.42 and its 200 day moving average price is $21.68.

PowerSchool (NYSE:PWSCGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. As a group, equities analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Barclays reduced their price target on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. UBS Group dropped their price objective on PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $26.00 price target on shares of PowerSchool in a report on Tuesday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.44.

Check Out Our Latest Report on PowerSchool

Institutional Trading of PowerSchool

Hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of PowerSchool by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after purchasing an additional 50,094 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in shares of PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after acquiring an additional 97,643 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after acquiring an additional 101,955 shares in the last quarter. Bank of New York Mellon Corp increased its stake in PowerSchool by 13.8% in the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after acquiring an additional 28,454 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock worth $9,508,000 after purchasing an additional 89,213 shares during the period. Institutional investors own 65.29% of the company’s stock.

PowerSchool Company Profile

(Get Free Report)

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.

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