PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh Sells 2,236 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CTO Devendra Singh sold 2,236 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 $50,913.72. Following the transaction, the chief technology officer now owns 386,781 shares of the company’s stock, valued at approximately $8,807,003.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Devendra Singh also recently made the following trade(s):

• On Thursday, June 27th, Devendra Singh sold 5,360 shares of PowerSchool stock. The shares were sold at an average price of $22.35, for a total transaction of $119,796.00.

PowerSchool Price Performance

NYSE 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 52 week low of $16.15 and a 52 week high of $25.16. The company has a fifty day moving average of $22.62 and a two-hundred day moving average of $21.26.

PowerSchool (NYSE:PWSC) last released its 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). The firm 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%. PowerSchool’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. As a group, equities analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PWSC has been the subject of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research report on Friday, June 7th. Jefferies Financial Group restated a “hold” rating and set a $22.80 price target (down previously from $30.00) on shares of PowerSchool in a report on Monday, June 10th. Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Macquarie downgraded 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. Finally, William Blair restated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.02.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PWSC. Bardin Hill Management Partners LP bought a new stake in shares of PowerSchool during the 2nd quarter worth approximately $1,439,000. Truist Financial Corp lifted its position 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 during the last quarter. Water Island Capital LLC purchased a new stake in shares of PowerSchool during the second quarter valued at $11,215,000. The Manufacturers Life Insurance Company grew its holdings in shares of PowerSchool by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 38,606 shares of the company’s stock worth $864,000 after purchasing an additional 2,158 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of PowerSchool in the second quarter worth about $420,000. Hedge funds and other institutional investors 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.