PowerSchool (NYSE:PWSC) Sees Strong Trading Volume

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 513,886 shares traded hands during mid-day trading, a decline of 25% from the previous session's volume of 684,098 shares.The stock last traded at $16.69 and had previously closed at $16.83.

Analysts Set New Price Targets

PWSC has been the topic of several research reports. TheStreet downgraded shares of PowerSchool from a "b-" rating to a "c" rating in a research note on Monday, January 29th. The Goldman Sachs Group increased their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Finally, Piper Sandler reiterated an "overweight" rating and set a $29.00 price objective on shares of PowerSchool in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, PowerSchool currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.

PowerSchool Price Performance

The stock has a market cap of $3.42 billion, a P/E ratio of -88.42, a PEG ratio of 0.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The business's fifty day moving average price is $20.22 and its 200 day moving average price is $21.89.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The company had revenue of $182.14 million during the quarter, compared to the consensus estimate 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 forecast that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 6,171 shares of the stock in a transaction dated 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 $40,647,877.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Devendra Singh sold 2,775 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total value of $57,303.75. Following the completion of the transaction, the chief technology officer now owns 327,712 shares in the company, valued at approximately $6,767,252.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Hardeep Gulati sold 6,171 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $21.33, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,706 shares of company stock valued at $3,818,727. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in PowerSchool in the 3rd quarter valued at approximately $32,000. Park Place Capital Corp increased its position in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company's stock valued at $32,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp acquired a new stake in PowerSchool during the 3rd quarter valued at approximately $35,000. International Assets Investment Management LLC increased its position in PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company's stock valued at $64,000 after purchasing an additional 2,628 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in PowerSchool during the 4th quarter valued at approximately $120,000. 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.