Devendra Singh Sells 5,360 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 5,360 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $22.35, for a total transaction of $119,796.00. Following the completion of the transaction, the chief technology officer now directly owns 389,017 shares of the company’s stock, valued at approximately $8,694,529.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 20th, Devendra Singh sold 2,235 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total transaction of $49,907.55.
• On Wednesday, April 3rd, Devendra Singh sold 2,775 shares of PowerSchool stock. The shares were 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 shares were sold at an average price of $20.82, for a total transaction of $57,296.64.

PowerSchool Price Performance

PWSC opened at $22.39 on Friday. The company has a fifty day simple moving average of $20.23 and a 200 day simple moving average of $21.65. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -93.29 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. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

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

Institutional Investors Weigh In On PowerSchool

Large investors have recently added to or reduced their stakes in the company. Janney Capital Management LLC boosted its stake in PowerSchool by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 20,700 shares of the company’s stock valued at $488,000 after acquiring an additional 618 shares during the last quarter. Park Avenue Securities LLC boosted its stake in PowerSchool by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock valued at $253,000 after acquiring an additional 703 shares during the last quarter. Fifth Third Bancorp boosted its stake in PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after acquiring an additional 746 shares during the last quarter. Park Place Capital Corp boosted its stake 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 acquiring an additional 773 shares during the last quarter. Finally, Comerica Bank boosted its stake in PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PWSC. Raymond James lowered shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Barclays lowered their target price on shares of PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. William Blair restated a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Finally, Macquarie downgraded shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price for the company. in a report on Monday, June 10th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.