PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $664,094.20 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 29,740 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $664,094.20. Following the transaction, the chief executive officer now owns 1,685,927 shares in the company, valued at $37,646,749.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 3rd, Hardeep Gulati sold 85,000 shares of PowerSchool stock. The stock was sold at an average price of $21.35, for a total value of $1,814,750.00.
• 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 transaction 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 stock was 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 shares were sold at an average price of $19.37, for a total value 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 transaction 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.

PowerSchool Price Performance

Shares of PowerSchool stock opened at $22.34 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The company’s fifty day moving average is $20.03 and its two-hundred day moving average is $21.65.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $184.97 million for the quarter, compared to analysts’ expectations of $184.45 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. As a group, sell-side analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PowerSchool

Large investors have recently modified their holdings of the stock. Comerica Bank increased its stake in PowerSchool by 111.8% in the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Sandia Investment Management LP acquired a new position in shares of PowerSchool during the first quarter worth about $639,000. Price T Rowe Associates Inc. MD raised its holdings in PowerSchool by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after purchasing an additional 62,870 shares in the last quarter. Natixis Investment Managers International lifted its position in PowerSchool by 77.1% in the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after purchasing an additional 1,419 shares during the period. Finally, Covestor Ltd boosted its holdings in PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

Analyst Ratings Changes

PWSC has been the subject of several recent analyst reports. Macquarie cut shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price objective for the company. in a research report on Monday, June 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.80 price objective (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. UBS Group cut their target price on PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 price target (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.52.

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.