Devendra Singh Sells 2,235 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 2,235 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total transaction of $49,907.55. Following the completion of the sale, the chief technology officer now owns 394,377 shares in the company, valued at approximately $8,806,438.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Devendra Singh also recently made the following trade(s):

• On Wednesday, April 3rd, Devendra Singh sold 2,775 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total transaction of $57,303.75.
• On Monday, April 1st, Devendra Singh sold 2,752 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total transaction of $57,296.64.
• On Wednesday, March 27th, Devendra Singh sold 2,750 shares of PowerSchool stock. The stock was sold at an average price of $20.87, for a total transaction of $57,392.50.

PowerSchool Stock Performance

NYSE:PWSC opened at $22.36 on Monday. The company’s 50-day moving average price is $19.84 and its 200-day moving average price is $21.64. 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 company has a market cap of $4.55 billion, a P/E ratio of -93.17 and a beta of 1.06. PowerSchool Holdings, Inc. has a twelve month low of $16.15 and a twelve month high of $25.16.

PowerSchool (NYSE:PWSC) last posted 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 business had revenue of $184.97 million during 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%. On average, sell-side analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PowerSchool

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd raised its stake 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 purchasing an additional 1,000 shares during the period. Orion Capital Management LLC purchased a new position in PowerSchool during the third quarter worth about $32,000. Comerica Bank raised its stake 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 purchasing an additional 788 shares during the period. Park Place Capital Corp raised its stake 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 purchasing an additional 773 shares during the period. Finally, Fifth Third Bancorp raised its stake 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 purchasing an additional 746 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PWSC. UBS Group dropped their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. The Goldman Sachs Group raised their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler restated a “neutral” rating and set a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, PowerSchool presently has an average rating of “Hold” and a consensus target price 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.