Eric Ryan Shander Sells 16,070 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CFO Eric Ryan Shander sold 16,070 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $22.12, for a total transaction of $355,468.40. Following the sale, the chief financial officer now directly owns 515,061 shares of the company’s stock, valued at approximately $11,393,149.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Eric Ryan Shander also recently made the following trade(s):

  • On Wednesday, April 3rd, Eric Ryan Shander sold 3,280 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total transaction of $67,732.00.
  • On Monday, April 1st, Eric Ryan Shander sold 3,254 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total transaction of $67,748.28.
  • On Wednesday, March 27th, Eric Ryan Shander sold 3,250 shares of PowerSchool stock. The stock was sold at an average price of $20.87, for a total transaction of $67,827.50.

PowerSchool Stock Performance

Shares of PWSC stock opened at $22.46 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16. The company has a 50-day simple moving average of $19.55 and a 200 day simple moving average of $21.69.

PowerSchool (NYSE:PWSCGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The firm had revenue of $184.97 million for the quarter, compared to the consensus estimate of $184.45 million. As a group, equities analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of PowerSchool in a report on Friday. UBS Group reduced their price objective on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. The Goldman Sachs Group lifted their price target on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler reduced their price target on shares of PowerSchool from $29.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Finally, Robert W. Baird reissued a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a research report on Friday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.98.

Read Our Latest Research Report on PWSC

Hedge Funds Weigh In On PowerSchool

A number of institutional investors have recently added to or reduced their stakes in PWSC. Vanguard Group Inc. increased its position in PowerSchool by 38.3% during the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after purchasing an additional 2,634,169 shares in the last quarter. Riverbridge Partners LLC increased its position in PowerSchool by 59.5% in the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after acquiring an additional 935,648 shares during the period. Loomis Sayles & Co. L P acquired a new position in PowerSchool in the 3rd quarter valued at approximately $17,000,000. Blair William & Co. IL lifted its stake in shares of PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after purchasing an additional 597,521 shares during the period. Finally, Wellington Management Group LLP boosted its stake in PowerSchool by 8.9% during the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after acquiring an additional 580,969 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

About PowerSchool

(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.

Further Reading

Insider Buying and Selling by Quarter for PowerSchool (NYSE:PWSC)

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