Hardeep Gulati Sells 85,000 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CEO Hardeep Gulati sold 85,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $21.35, for a total value of $1,814,750.00. Following the sale, the chief executive officer now directly owns 1,715,667 shares of the company’s stock, valued at $36,629,490.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Tuesday, May 28th, Hardeep Gulati sold 39,834 shares of PowerSchool stock. The stock was sold at an average price of $21.17, for a total value of $843,285.78.
  • On Friday, May 24th, Hardeep Gulati sold 4,900 shares of PowerSchool stock. The shares were sold at an average price of $21.03, for a total transaction of $103,047.00.
  • On Wednesday, May 22nd, Hardeep Gulati sold 7,566 shares of PowerSchool stock. The stock was sold at an average price of $21.02, for a total transaction of $159,037.32.
  • On Monday, May 20th, Hardeep Gulati sold 100 shares of PowerSchool stock. The shares were sold at an average price of $21.11, for a total transaction of $2,111.00.
  • 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 transaction of $395,806.58.
  • On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The stock was sold at an average price of $19.01, for a total value of $72,238.00.
  • On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The shares were sold at an average price of $21.33, for a total value 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 value of $461,214.00.
  • On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total transaction 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 transaction of $821,666.37.

PowerSchool Price Performance

NYSE:PWSC opened at $22.46 on Friday. PowerSchool Holdings, Inc. has a 12-month low of $16.15 and a 12-month high of $25.16. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -93.58 and a beta of 1.06. The company’s 50-day moving average is $19.55 and its two-hundred day moving average is $21.69. 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 (NYSE:PWSCGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $184.97 million for the quarter, compared to analysts’ expectations of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. Research analysts expect that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on PWSC shares. Raymond James reaffirmed an “outperform” rating on shares of PowerSchool in a report on Monday, May 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.80 price objective (down from $25.00) on shares of PowerSchool in a research note on Friday. Robert W. Baird reiterated a “neutral” rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday. William Blair reissued a “market perform” rating on shares of PowerSchool in a report on Friday. Finally, The Goldman Sachs Group lifted their price target on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Five 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, PowerSchool presently has an average rating of “Moderate Buy” and a consensus target price of $24.98.

Get Our Latest Report on PowerSchool

Institutional Investors Weigh In On PowerSchool

Several hedge funds have recently made changes to their positions in PWSC. Comerica Bank lifted its holdings in shares of PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the period. Sandia Investment Management LP purchased a new position in PowerSchool during the first quarter worth approximately $639,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of PowerSchool by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock valued at $25,852,000 after purchasing an additional 62,870 shares during the last quarter. Natixis Investment Managers International grew its stake in shares of PowerSchool by 77.1% during the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after buying an additional 1,419 shares during the period. Finally, Covestor Ltd increased its holdings in shares of PowerSchool by 353.4% during the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds 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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Insider Buying and Selling by Quarter for PowerSchool (NYSE:PWSC)

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