Hardeep Gulati Sells 1,400 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the transaction, the chief executive officer now directly owns 2,059,216 shares of the company’s stock, valued at approximately $43,325,904.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total transaction of $65,772.00.
• On Wednesday, March 20th, Hardeep Gulati sold 39,141 shares of PowerSchool stock. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79.
• On Monday, March 18th, Hardeep Gulati sold 15,307 shares of PowerSchool stock. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25.

PowerSchool Stock Up 1.9 %

PowerSchool stock opened at $21.29 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool Holdings, Inc. has a 1-year low of $16.41 and a 1-year high of $25.16. The company’s 50-day moving average is $22.55 and its 200 day moving average is $22.36.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. Equities research analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on PWSC shares. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. The Goldman Sachs Group increased their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. UBS Group increased their price target on shares of PowerSchool from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, December 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Hedge Funds Weigh In On PowerSchool

A number of institutional investors have recently modified their holdings of PWSC. JPMorgan Chase & Co. increased its position in shares of PowerSchool by 247.8% during the first quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after acquiring an additional 97,789 shares during the period. MetLife Investment Management LLC increased its position in shares of PowerSchool by 22.8% during the first quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after acquiring an additional 4,613 shares during the period. Blair William & Co. IL increased its position in shares of PowerSchool by 54.2% during the first quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after acquiring an additional 43,039 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of PowerSchool during the first quarter worth approximately $11,702,000. Finally, Sei Investments Co. increased its position in shares of PowerSchool by 2.6% during the first quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock worth $1,304,000 after acquiring an additional 2,000 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.