PowerSchool Holdings, Inc. (NYSE:PWSC) CRO Anthony Kender Sells 6,406 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CRO Anthony Kender sold 6,406 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $22.74, for a total transaction of $145,672.44. Following the transaction, the executive now directly owns 247,201 shares in the company, valued at $5,621,350.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PowerSchool Trading Up 0.0 %

NYSE PWSC opened at $22.77 on Friday. PowerSchool Holdings, Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The stock has a market cap of $4.64 billion, a P/E ratio of -94.88 and a beta of 1.05. The stock has a 50 day simple moving average of $22.62 and a two-hundred day simple moving average of $21.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28.

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

Institutional Investors Weigh In On PowerSchool

Several large investors have recently added to or reduced their stakes in PWSC. Bardin Hill Management Partners LP acquired a new position in shares of PowerSchool during the second quarter worth $1,439,000. Truist Financial Corp increased its stake in shares of PowerSchool by 23.2% during the second quarter. Truist Financial Corp now owns 26,804 shares of the company’s stock worth $600,000 after purchasing an additional 5,039 shares in the last quarter. Water Island Capital LLC purchased a new stake in PowerSchool during the 2nd quarter valued at about $11,215,000. The Manufacturers Life Insurance Company boosted its holdings in PowerSchool by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,606 shares of the company’s stock valued at $864,000 after purchasing an additional 2,158 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of PowerSchool in the 2nd quarter worth approximately $420,000. 65.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 target price (down previously from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.80 price target (down previously from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Macquarie cut PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price for the company. in a research report on Monday, June 10th. Raymond James cut PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, PowerSchool has a consensus rating of “Hold” and a consensus price target 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.