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

PowerSchool Holdings, Inc. (NYSE:PWSC) insider Shivani Stumpf sold 1,752 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $22.33, for a total transaction of $39,122.16. Following the completion of the transaction, the insider now owns 286,256 shares of the company’s stock, valued at $6,392,096.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $28,917.35.
• On Wednesday, April 3rd, Shivani Stumpf sold 816 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value 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 value of $16,864.20.

PowerSchool Stock Performance

PWSC opened at $22.39 on Friday. PowerSchool Holdings, Inc. has a one year low of $16.15 and a one year 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 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $21.65.

PowerSchool (NYSE:PWSC) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $184.45 million. As a group, equities research analysts anticipate that PowerSchool Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PWSC has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.80 price target (down from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Macquarie lowered shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price on the stock. in a report on Monday, June 10th. William Blair reissued a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a report on Friday, June 7th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.52.

Institutional Investors Weigh In On PowerSchool

Several institutional investors and hedge funds have recently modified their holdings of PWSC. Mackenzie Financial Corp increased its position in shares of PowerSchool by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after buying an additional 50,094 shares during the period. Principal Financial Group Inc. boosted its position in PowerSchool by 37.5% during the 4th quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock valued at $944,000 after acquiring an additional 10,932 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PowerSchool by 14.3% during 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 period. Riverbridge Partners LLC raised its position in shares of PowerSchool by 6.7% in the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after acquiring an additional 97,643 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of PowerSchool by 37.7% in 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 period. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.