PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Sells $57,392.50 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 2,750 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $57,392.50. Following the completion of the transaction, the chief technology officer now owns 338,769 shares in the company, valued at $7,070,109.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PowerSchool Price Performance

PowerSchool stock traded up $0.39 during midday trading on Friday, reaching $21.29. The company’s stock had a trading volume of 734,091 shares, compared to its average volume of 596,571. PowerSchool Holdings, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $22.36. The firm has a market capitalization of $4.31 billion, a PE ratio of -112.05, a P/E/G ratio of 0.61 and a beta of 0.90.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, equities research analysts forecast that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on PWSC. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target on shares of PowerSchool in a research note on Wednesday, March 6th. 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 research note on Friday, December 15th. 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 research note on Tuesday, February 27th. Finally, TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PWSC. Charles Schwab Investment Management Inc. increased its position in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after purchasing an additional 101,955 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in PowerSchool by 27.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock worth $9,508,000 after purchasing an additional 89,213 shares in the last quarter. Bank of New York Mellon Corp increased its position in PowerSchool by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock worth $5,305,000 after purchasing an additional 28,454 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in PowerSchool during the 3rd quarter worth about $373,000. Finally, Wellington Management Group LLP increased its position in PowerSchool by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

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.