PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander Sells 9,789 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 9,789 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $22.38, for a total value of $219,077.82. Following the transaction, the chief financial officer now directly owns 493,564 shares in the company, valued at $11,045,962.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Eric Ryan Shander also recently made the following trade(s):

• On Thursday, June 20th, Eric Ryan Shander sold 4,797 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total value of $107,117.01.
• On Monday, June 10th, Eric Ryan Shander sold 1,600 shares of PowerSchool stock. The shares were sold at an average price of $22.50, for a total value of $36,000.00.
• On Tuesday, June 4th, Eric Ryan Shander sold 16,070 shares of PowerSchool stock. The shares were sold at an average price of $22.12, for a total value of $355,468.40.
• On Wednesday, April 3rd, Eric Ryan Shander sold 3,280 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total value of $67,732.00.
• On Monday, April 1st, Eric Ryan Shander sold 3,254 shares of PowerSchool stock. The shares were sold at an average price of $20.82, for a total value of $67,748.28.

PowerSchool Price Performance

Shares of PWSC opened at $22.39 on Friday. The company has a market cap of $4.56 billion, a P/E ratio of -93.29 and a beta of 1.06. The stock has a fifty day moving average price of $20.23 and a 200 day moving average price of $21.65. 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 12 month low of $16.15 and a 12 month high of $25.16.

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 the consensus estimate of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The business had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. On average, research analysts forecast that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PWSC. Piper Sandler reaffirmed a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. William Blair reiterated a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $22.80 price target (down from $30.00) on shares of PowerSchool in a report on Monday, June 10th. Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a report on Monday, June 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PWSC. Covestor Ltd grew its stake in shares of PowerSchool by 353.4% in 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 in the last quarter. Orion Capital Management LLC bought a new position in shares of PowerSchool in the third quarter worth $32,000. Park Place Capital Corp grew its stake in shares of PowerSchool by 106.8% in 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 in the last quarter. Comerica Bank grew its stake in shares of PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of PowerSchool by 47.7% in 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 in the last quarter. Institutional investors own 65.29% of the company’s stock.

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.