Hardeep Gulati Sells 7,566 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock (2024)

Posted by Defense World Staff on May 25th, 2024

Hardeep Gulati Sells 7,566 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock (1)PowerSchool Holdings, Inc. (NYSE:PWSCGet Free Report) CEO Hardeep Gulati sold 7,566 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.02, for a total transaction of $159,037.32. Following the sale, the chief executive officer now owns 1,848,001 shares in the company, valued at $38,844,981.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hardeep Gulati also recently made the following trade(s):

  • On Monday, May 20th, Hardeep Gulati sold 100 shares of PowerSchool stock. The shares were sold at an average price of $21.11, for a total value of $2,111.00.
  • On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The stock was sold at an average price of $19.37, for a total transaction of $395,806.58.
  • On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The shares were sold at an average price of $19.01, for a total transaction of $72,238.00.
  • On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The stock was sold at an average price of $21.33, for a total value of $131,627.43.
  • On Friday, April 5th, Hardeep Gulati sold 21,900 shares of PowerSchool stock. The shares were sold at an average price of $21.06, for a total value of $461,214.00.
  • On Wednesday, April 3rd, Hardeep Gulati sold 8,897 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total transaction of $183,723.05.
  • On Monday, April 1st, Hardeep Gulati sold 39,333 shares of PowerSchool stock. The shares were sold at an average price of $20.89, for a total transaction of $821,666.37.
  • On Wednesday, March 27th, Hardeep Gulati sold 7,752 shares of PowerSchool stock. The shares were sold at an average price of $20.88, for a total value of $161,861.76.
  • On Monday, March 25th, Hardeep Gulati sold 1,400 shares of PowerSchool stock. The stock was sold at an average price of $21.04, for a total transaction of $29,456.00.
  • On Friday, March 22nd, Hardeep Gulati sold 3,150 shares of PowerSchool stock. The stock was sold at an average price of $20.88, for a total transaction of $65,772.00.

PowerSchool Trading Up 0.8 %

Shares of PowerSchool stock opened at $20.97 on Friday. PowerSchool Holdings, Inc. has a 12 month low of $16.15 and a 12 month high of $25.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $19.44 and a 200-day simple moving average of $21.71.

PowerSchool (NYSE:PWSCGet Free Report) last released its earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. Equities analysts predict that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PowerSchool

Several institutional investors have recently made changes to their positions in the company. 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 during the last quarter. Riverbridge Partners LLC boosted its stake in shares of 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 purchasing an additional 935,648 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in PowerSchool in the third quarter valued at about $17,000,000. Fort Washington Investment Advisors Inc. OH bought a new position in PowerSchool during the 3rd quarter worth approximately $15,508,000. Finally, Blair William & Co. IL increased its position in shares of 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 buying an additional 597,521 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price target on shares of PowerSchool in a report on Tuesday, May 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $25.00 target price on shares of PowerSchool in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group raised their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.44.

Read Our Latest Research Report on PWSC

About PowerSchool

(Get Free Report)

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.

Further Reading

Hardeep Gulati Sells 7,566 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock (2)

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