PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander Sells 2,977 Shares of Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CFO Eric Ryan Shander sold 2,977 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $22.74, for a total transaction of $67,696.98. Following the transaction, the chief financial officer now owns 422,547 shares in the company, valued at approximately $9,608,718.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 18th, Eric Ryan Shander sold 4,800 shares of PowerSchool stock. The shares were sold at an average price of $22.77, for a total value of $109,296.00.
• On Thursday, July 11th, Eric Ryan Shander sold 29,200 shares of PowerSchool stock. The stock was 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 value of $219,077.82.

PowerSchool Price Performance

NYSE PWSC opened at $22.77 on Friday. The stock’s 50 day simple moving average is $22.62 and its 200 day simple moving average is $21.26. PowerSchool Holdings, Inc. has a one year low of $16.15 and a one year high of $25.16. 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 announced its earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $195.32 million. During the same quarter last year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

PWSC has been the subject of a number of recent research reports. William Blair restated a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Baird R W lowered shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 7th. Raymond James downgraded PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.02.

Institutional Investors Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWSC. Covestor Ltd lifted its position in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Comerica Bank raised its position in PowerSchool by 111.8% in the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Park Place Capital Corp lifted its holdings in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares in the last quarter. Natixis Investment Managers International boosted its position in PowerSchool by 77.1% in the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after buying an additional 1,419 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of 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 buying an additional 4,124 shares during the period. 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.