PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Sells $29,032.65 in Stock (2024)

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) CMO Fred Studer sold 1,299 shares of the firm's stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $29,032.65. Following the completion of the transaction, the chief marketing officer now directly owns 186,142 shares in the company, valued at $4,160,273.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Fred Studer also recently made the following trade(s):

On Wednesday, June 5th, Fred Studer sold 5,449 shares of PowerSchool stock. The stock was sold at an average price of $22.23, for a total value of $121,131.27.
On Wednesday, April 3rd, Fred Studer sold 1,054 shares of PowerSchool stock. The stock was sold at an average price of $20.65, for a total value of $21,765.10.
On Monday, April 1st, Fred Studer sold 1,045 shares of PowerSchool stock. The stock was sold at an average price of $20.82, for a total value of $21,756.90.

PowerSchool Stock Performance

Shares of PowerSchool stock opened at $22.39 on Friday. The business has a 50-day moving average price of $20.23 and a 200-day moving average price of $21.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.24. PowerSchool Holdings, Inc. has a twelve month low of $16.15 and a twelve month high of $25.16.

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PowerSchool (NYSE:PWSC - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PWSC. Raymond James cut PowerSchool from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 11th. Jefferies Financial Group reiterated 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. Barclays cut their price target on PowerSchool from $28.00 to $23.00 and set an "overweight" rating for the company in a research note on Wednesday, May 8th. Robert W. Baird reiterated a "neutral" rating and issued a $23.00 price target (down previously from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. Finally, Piper Sandler reiterated 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. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, PowerSchool presently has a consensus rating of "Hold" and a consensus price target of $24.52.

Get Our Latest Stock Report on PWSC

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Covestor Ltd lifted its holdings in shares of PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $27,000 after acquiring an additional 1,000 shares during the last quarter. Orion Capital Management LLC bought a new stake in PowerSchool in the third quarter worth about $32,000. Comerica Bank lifted its stake in PowerSchool by 111.8% in the first 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 stake in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company's stock worth $32,000 after purchasing an additional 773 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company's stock worth $54,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 65.29% of the company's stock.

PowerSchool Company Profile

(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.