Hardeep Gulati Sells 8,897 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 8,897 shares of PowerSchool stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total transaction of $183,723.05. Following the transaction, the chief executive officer now owns 1,953,040 shares in the company, valued at $40,330,276. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The stock was sold at an average price of $20.89, for a total transaction of $821,666.37.
• On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The stock was 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 stock was sold at an average price of $21.04, for a total transaction of $29,456.00.
• On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total transaction 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 transaction of $829,397.79.
• On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25.

PowerSchool Stock Up 1.0 %

PWSC stock opened at $21.06 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 1 year low of $16.41 and a 1 year high of $25.16. The company has a fifty day simple moving average of $22.18 and a 200 day simple moving average of $22.31. The firm has a market cap of $4.27 billion, a PE ratio of -110.84, a PEG ratio of 0.61 and a beta of 0.89.

PowerSchool (NYSE:PWSC) last released its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. Sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

PWSC has been the subject of a number of research reports. UBS Group lifted their target price on shares of PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, PowerSchool currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Institutional Trading of PowerSchool

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWSC. Kapitalo Investimentos Ltda acquired a new position in PowerSchool in the fourth quarter valued at about $181,000. Vanguard Group Inc. boosted its position in PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after buying an additional 2,634,169 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in PowerSchool by 37.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after buying an additional 380,586 shares in the last quarter. Riverbridge Partners LLC boosted its position in PowerSchool by 6.6% in the fourth quarter. Riverbridge Partners LLC now owns 1,573,223 shares of the company’s stock valued at $37,065,000 after buying an additional 97,295 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in PowerSchool by 1.0% in the fourth quarter. Legal & General Group Plc now owns 57,366 shares of the company’s stock valued at $1,352,000 after buying an additional 552 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.

About PowerSchool

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.