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

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 5,360 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was 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 owns 389,017 shares in the company, valued at approximately $8,694,529.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 stock was 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 Stock Performance

Shares of NYSE PWSC opened at $22.39 on Friday. The company’s 50-day simple moving average is $20.23 and its 200-day simple moving average is $21.65. 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 Holdings, Inc. has a 52-week low of $16.15 and a 52-week high of $25.16.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data 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). The firm had revenue of $184.97 million during the quarter, compared to analyst estimates of $184.45 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. Sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

PWSC has been the subject of several analyst reports. Barclays decreased their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Piper Sandler restated a “neutral” rating and issued a $22.80 price objective (down previously from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. William Blair reaffirmed a “market perform” rating on shares of PowerSchool in a report on Friday, June 7th. Finally, Raymond James downgraded shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, PowerSchool has a consensus rating of “Hold” and an average target price of $24.52.

Institutional Investors Weigh In On PowerSchool

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of PowerSchool by 38.3% in the fourth quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after buying an additional 2,634,169 shares in the last quarter. Riverbridge Partners LLC raised its holdings in PowerSchool by 59.5% in the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after acquiring an additional 935,648 shares during the last quarter. Blair William & Co. IL raised its holdings in PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after acquiring an additional 597,521 shares during the last quarter. Wellington Management Group LLP lifted its stake in PowerSchool by 8.9% in 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. Finally, Wasatch Advisors LP boosted its holdings in shares of PowerSchool by 12.7% during the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after purchasing an additional 442,340 shares during the last quarter. Institutional investors and hedge funds 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.