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

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 9,789 shares of PowerSchool 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 owns 493,564 shares of the company’s stock, valued at $11,045,962.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 Trading Down 0.4 %

Shares of NYSE PWSC opened at $22.39 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s 50-day moving average price is $20.23 and its two-hundred day moving average price is $21.65. PowerSchool Holdings, Inc. has a 52-week low of $16.15 and a 52-week high of $25.16.

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

Institutional Investors Weigh In On PowerSchool

A number of hedge funds have recently made changes to their positions in PWSC. Charles Schwab Investment Management Inc. raised its holdings in shares of PowerSchool by 30.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after buying an additional 101,955 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of PowerSchool by 2.3% during the third quarter. Rhumbline Advisers now owns 78,700 shares of the company’s stock valued at $1,783,000 after buying an additional 1,745 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of PowerSchool by 38.5% during the third quarter. PNC Financial Services Group Inc. now owns 14,137 shares of the company’s stock valued at $320,000 after buying an additional 3,929 shares during the last quarter. Invesco Ltd. raised its holdings in shares of PowerSchool by 33.3% during the third quarter. Invesco Ltd. now owns 1,410,790 shares of the company’s stock valued at $31,969,000 after buying an additional 352,240 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in PowerSchool by 90.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,119 shares of the company’s stock worth $886,000 after purchasing an additional 18,598 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. Robert W. Baird restated a “neutral” rating and set a $23.00 price objective (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Macquarie cut shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a research report on Monday, June 10th. Finally, Piper Sandler reissued a “neutral” rating and issued a $22.80 price objective (down from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PowerSchool has an average rating of “Hold” and an average 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.