Hardeep Gulati Sells 63,727 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC – Get Rating) CEO Hardeep Gulati sold 63,727 shares of PowerSchool stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $20.16, for a total transaction of $1,284,736.32. Following the sale, the chief executive officer now owns 2,344,717 shares in the company, valued at approximately $47,269,494.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PowerSchool Stock Down 2.0 %

Shares of PWSC opened at $19.60 on Thursday. The firm has a market capitalization of $3.13 billion, a P/E ratio of -130.66 and a beta of 1.02. PowerSchool Holdings, Inc. has a 12-month low of $10.60 and a 12-month high of $26.05. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $23.01 and a 200-day moving average price of $20.35.

Wall Street Analysts Forecast Growth

PWSC has been the topic of several research reports. Piper Sandler boosted their price target on shares of PowerSchool from $22.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Royal Bank of Canada boosted their price target on shares of PowerSchool from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. Credit Suisse Group restated an “outperform” rating and issued a $27.00 price target on shares of PowerSchool in a research report on Thursday, February 23rd. Barclays boosted their price target on shares of PowerSchool from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Finally, Bank of America upgraded shares of PowerSchool from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $32.00 in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Trading of PowerSchool

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of PowerSchool by 63.5% during the third quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after purchasing an additional 829 shares during the period. Ensign Peak Advisors Inc purchased a new stake in shares of PowerSchool during the second quarter valued at $37,000. Allspring Global Investments Holdings LLC bought a new stake in shares of PowerSchool in the third quarter valued at about $39,000. Daiwa Securities Group Inc. bought a new stake in shares of PowerSchool in the third quarter valued at about $65,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of PowerSchool by 93.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,977 shares of the company’s stock valued at $66,000 after acquiring an additional 1,926 shares in the last quarter. 61.21% of the stock is owned by hedge funds and other institutional investors.

PowerSchool Company Profile

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PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.