Shivani Stumpf Sells 1,752 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) insider Shivani Stumpf sold 1,752 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $22.33, for a total transaction of $39,122.16. Following the transaction, the insider now owns 286,256 shares of the company’s stock, valued at approximately $6,392,096.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shivani Stumpf also recently made the following trade(s):

• On Thursday, June 20th, Shivani Stumpf sold 1,295 shares of PowerSchool stock. The shares were sold at an average price of $22.33, for a total transaction of $28,917.35.
• On Wednesday, April 3rd, Shivani Stumpf sold 816 shares of PowerSchool stock. The shares were sold at an average price of $20.65, for a total transaction of $16,850.40.
• On Monday, April 1st, Shivani Stumpf sold 810 shares of PowerSchool stock. The shares were sold at an average price of $20.82, for a total transaction of $16,864.20.

PowerSchool Stock Down 0.4 %

PWSC stock traded down $0.08 during midday trading on Friday, hitting $22.39. The company’s stock had a trading volume of 2,234,581 shares, compared to its average volume of 1,496,286. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. PowerSchool Holdings, Inc. has a 52-week low of $16.15 and a 52-week high of $25.16. The firm has a market capitalization of $4.56 billion, a P/E ratio of -93.29 and a beta of 1.06. The firm has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $21.65.

PowerSchool (NYSE:PWSC) last issued 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 negative net margin of 5.37% and a positive return on equity of 6.13%. The business had revenue of $184.97 million during the quarter, compared to analysts’ expectations of $184.45 million. As a group, equities analysts forecast that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On PowerSchool

Several institutional investors have recently modified their holdings of PWSC. Comerica Bank raised its stake in PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares in the last quarter. Sandia Investment Management LP acquired a new position in PowerSchool in the first quarter valued at $639,000. Price T Rowe Associates Inc. MD increased its stake in PowerSchool by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock valued at $25,852,000 after purchasing an additional 62,870 shares during the period. Natixis Investment Managers International increased its stake in shares of PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after acquiring an additional 1,419 shares during the period. Finally, Covestor Ltd increased its stake 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 acquiring an additional 1,000 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Piper Sandler reissued a “neutral” rating and issued a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Macquarie cut shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target for the company. in a research note on Monday, June 10th. Jefferies Financial Group reissued a “hold” rating and issued a $22.80 price target (down previously from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Baird R W lowered shares of PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.