PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $131,627.43 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) CEO Hardeep Gulati sold 6,171 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $21.33, for a total value of $131,627.43. Following the completion of the transaction, the chief executive officer now owns 1,905,667 shares of the company's stock, valued at approximately $40,647,877.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were sold at an average price of $20.65, for a total value of $183,723.05.
• 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 value 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 value 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 value of $29,456.00.
• On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The stock was sold at an average price of $20.88, for a total value of $65,772.00.
• 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 value 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 value of $317,620.25.

PowerSchool Stock Up 0.6 %

PowerSchool stock traded up $0.10 during midday trading on Monday, hitting $17.67. 503,921 shares of the company were exchanged, compared to its average volume of 676,672. The company's fifty day moving average price is $20.60 and its 200-day moving average price is $21.98. The company has a market cap of $3.58 billion, a PE ratio of -92.47, a price-to-earnings-growth ratio of 0.51 and a beta of 0.89. 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 Holdings, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $25.16.

PowerSchool (NYSE:PWSC - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company 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%. On average, research analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On PowerSchool

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its position in PowerSchool by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company's stock worth $42,961,000 after acquiring an additional 50,094 shares in the last quarter. Riverbridge Partners LLC increased its holdings in PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company's stock worth $36,583,000 after purchasing an additional 97,643 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company's stock worth $9,957,000 after purchasing an additional 101,955 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PowerSchool by 27.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company's stock worth $9,508,000 after purchasing an additional 89,213 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in PowerSchool by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company's stock worth $5,305,000 after purchasing an additional 28,454 shares during the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on PWSC. TheStreet lowered PowerSchool from a "b-" rating to a "c" rating in a research note on Monday, January 29th. Piper Sandler reissued an "overweight" rating and issued a $29.00 price target on shares of PowerSchool in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, PowerSchool has an average rating of "Moderate Buy" and a consensus target price of $27.67.

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.

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