Insider Selling: PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Sells $664,094.20 in Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 29,740 shares of PowerSchool stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $664,094.20. Following the completion of the sale, the chief executive officer now directly owns 1,685,927 shares of the company’s stock, valued at approximately $37,646,749.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 3rd, Hardeep Gulati sold 85,000 shares of PowerSchool stock. The shares were sold at an average price of $21.35, for a total value of $1,814,750.00.
• On Tuesday, May 28th, Hardeep Gulati sold 39,834 shares of PowerSchool stock. The stock was sold at an average price of $21.17, for a total transaction of $843,285.78.
• On Friday, May 24th, Hardeep Gulati sold 4,900 shares of PowerSchool stock. The shares were sold at an average price of $21.03, for a total transaction of $103,047.00.
• On Wednesday, May 22nd, Hardeep Gulati sold 7,566 shares of PowerSchool stock. The stock was sold at an average price of $21.02, for a total transaction of $159,037.32.
• 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 transaction of $2,111.00.
• On Friday, May 17th, Hardeep Gulati sold 20,434 shares of PowerSchool stock. The shares were sold at an average price of $19.37, for a total value of $395,806.58.
• On Wednesday, May 15th, Hardeep Gulati sold 3,800 shares of PowerSchool stock. The stock was sold at an average price of $19.01, for a total value of $72,238.00.
• On Monday, April 8th, Hardeep Gulati sold 6,171 shares of PowerSchool stock. The shares were 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 stock was sold at an average price of $21.06, for a total transaction 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.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.34 on Thursday. The firm has a fifty day simple moving average of $20.03 and a two-hundred day simple moving average of $21.65. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24.

PowerSchool (NYSE:PWSC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $184.97 million during the quarter, compared to analysts’ expectations of $184.45 million. As a group, sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On PowerSchool

Several large investors have recently modified their holdings of PWSC. Mackenzie Financial Corp lifted its position in PowerSchool by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock worth $42,961,000 after buying an additional 50,094 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of PowerSchool by 37.5% in the 4th quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock worth $944,000 after acquiring an additional 10,932 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PowerSchool by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock worth $39,001,000 after acquiring an additional 207,237 shares during the last quarter. Riverbridge Partners LLC boosted its stake in shares of PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after purchasing an additional 97,643 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in PowerSchool by 37.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after purchasing an additional 380,586 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PWSC. Baird R W cut shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. William Blair restated a “market perform” rating on shares of PowerSchool in a research report on Friday, June 7th. Raymond James lowered PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Barclays decreased their target price on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $22.80 price target (down from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.52.

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.