PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander Sells 4,800 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 4,800 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $22.77, for a total transaction of $109,296.00. Following the completion of the transaction, the chief financial officer now directly owns 417,747 shares of the company’s stock, valued at $9,512,099.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 5th, Eric Ryan Shander sold 2,977 shares of PowerSchool stock. The shares were sold at an average price of $22.74, for a total value of $67,696.98.
• On Thursday, July 11th, Eric Ryan Shander sold 29,200 shares of PowerSchool stock. The shares were sold at an average price of $22.51, for a total value of $657,292.00.
• On Tuesday, July 9th, Eric Ryan Shander sold 30,914 shares of PowerSchool stock. The shares were sold at an average price of $22.51, for a total value of $695,874.14.
• On Thursday, June 27th, Eric Ryan Shander sold 9,789 shares of PowerSchool stock. The stock was sold at an average price of $22.38, for a total transaction of $219,077.82.

PowerSchool Stock Performance

PWSC opened at $22.77 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47. PowerSchool Holdings, Inc. has a 12-month low of $16.15 and a 12-month high of $25.16. The business has a 50 day moving average of $22.62 and a 200-day moving average of $21.26. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -94.88 and a beta of 1.05.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The business had revenue of $191.59 million for the quarter, compared to analyst estimates of $195.32 million. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of PowerSchool

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its holdings in PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after acquiring an additional 1,000 shares during the period. Park Place Capital Corp grew its position 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 valued at $32,000 after purchasing an additional 773 shares during the last quarter. Comerica Bank increased its stake in shares of PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Natixis Investment Managers International lifted its holdings in PowerSchool by 77.1% during the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in PowerSchool by 15,274.1% in the 2nd quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock valued at $93,000 after purchasing an additional 4,124 shares during the period. Institutional investors own 65.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PWSC. Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. William Blair restated a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group reissued a “hold” rating and set a $22.80 price target (down from $30.00) on shares of PowerSchool in a research report on Monday, June 10th. Finally, Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a research note on Monday, June 10th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.02.

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.