Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $65,772.00 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 3,150 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $20.88, for a total transaction of $65,772.00. Following the completion of the transaction, the chief executive officer now owns 2,060,616 shares of the company’s stock, valued at approximately $43,025,662.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The stock was 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 stock was sold at an average price of $20.75, for a total transaction of $317,620.25.

PowerSchool Stock Performance

NYSE PWSC opened at $21.29 on Friday. The company has a fifty day simple moving average of $22.55 and a 200 day simple moving average of $22.36. PowerSchool Holdings, Inc. has a 12-month low of $16.41 and a 12-month high of $25.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) 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 analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, sell-side analysts expect that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PWSC shares. TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. UBS Group raised their price target on shares of PowerSchool from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. Piper Sandler restated an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their price objective 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PowerSchool currently has an average rating of “Moderate Buy” and an average price target of $27.67.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in PowerSchool by 2.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,118 shares of the company’s stock worth $403,000 after acquiring an additional 442 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of PowerSchool by 2.4% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,512 shares of the company’s stock worth $442,000 after purchasing an additional 465 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of PowerSchool by 2.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 21,722 shares of the company’s stock worth $501,000 after purchasing an additional 502 shares during the period. Janney Capital Management LLC raised its stake in shares of PowerSchool by 2.7% during the 3rd quarter. Janney Capital Management LLC now owns 20,082 shares of the company’s stock worth $455,000 after purchasing an additional 533 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of PowerSchool by 1.0% during the 4th quarter. Legal & General Group Plc now owns 57,366 shares of the company’s stock worth $1,352,000 after purchasing an additional 552 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

PowerSchool Company Profile

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.