Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) Insider Sells 1,752 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) insider Shivani Stumpf sold 1,752 shares of PowerSchool stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $22.33, for a total value of $39,122.16. Following the sale, the insider now owns 286,256 shares in the company, valued at $6,392,096.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shivani Stumpf also recently made the following trade(s):

• On Thursday, June 20th, Shivani Stumpf sold 1,295 shares of PowerSchool stock. The stock was sold at an average price of $22.33, for a total value of $28,917.35.
• On Wednesday, April 3rd, Shivani Stumpf sold 816 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value of $16,850.40.
• On Monday, April 1st, Shivani Stumpf sold 810 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total value of $16,864.20.

PowerSchool Stock Performance

Shares of NYSE PWSC traded down $0.08 during mid-day trading on Friday, hitting $22.39. The company had a trading volume of 2,234,581 shares, compared to its average volume of 1,496,286. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of -93.29 and a beta of 1.06. PowerSchool Holdings, Inc. has a 1 year low of $16.15 and a 1 year high of $25.16. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $20.13 and its 200-day moving average price is $21.65.

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

Hedge Funds Weigh In On PowerSchool

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares in the last quarter. Orion Capital Management LLC purchased a new position in PowerSchool during the third quarter worth about $32,000. Comerica Bank grew its position in PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Park Place Capital Corp grew its position in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in PowerSchool by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after buying an additional 746 shares in the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PWSC shares. UBS Group dropped their price target on PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Baird R W lowered PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 target price (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $23.00 target price (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.52.

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.