PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer Sells 11,000 Shares

PowerSchool Holdings, Inc. (NYSE:PWSC) CMO Fred Studer sold 11,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $22.47, for a total transaction of $247,170.00. Following the completion of the transaction, the chief marketing officer now directly owns 187,237 shares of the company’s stock, valued at approximately $4,207,215.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, September 6th, Fred Studer sold 22,002 shares of PowerSchool stock. The shares were sold at an average price of $22.78, for a total transaction of $501,205.56.

PowerSchool Stock Up 0.8 %

Shares of PWSC stock traded up $0.19 during trading hours on Monday, reaching $22.62. The company had a trading volume of 583,794 shares, compared to its average volume of 717,614. The company has a market capitalization of $4.57 billion, a P/E ratio of -203.91 and a beta of 0.96. The stock’s fifty day simple moving average is $21.49 and its 200 day simple moving average is $20.71. PowerSchool Holdings, Inc. has a twelve month low of $16.41 and a twelve month high of $26.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Analyst Ratings Changes

A number of brokerages have weighed in on PWSC. TheStreet raised PowerSchool from a “d” rating to a “c” rating in a research note on Thursday, August 17th. Raymond James lifted their price target on PowerSchool from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. UBS Group increased their price objective on shares of PowerSchool from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, September 15th. Royal Bank of Canada lowered their target price on shares of PowerSchool from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of PowerSchool in a research note on Friday, September 15th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, PowerSchool presently has an average rating of “Moderate Buy” and a consensus target price of $27.36.

Institutional Investors Weigh In On PowerSchool

A number of large investors have recently added to or reduced their stakes in PWSC. Arizona State Retirement System increased its position in shares of PowerSchool by 15.3% during the second quarter. Arizona State Retirement System now owns 15,977 shares of the company’s stock worth $306,000 after acquiring an additional 2,124 shares during the last quarter. Level Four Advisory Services LLC purchased a new stake in PowerSchool during the 1st quarter worth approximately $296,000. American International Group Inc. raised its position in shares of PowerSchool by 22.6% in the 2nd quarter. American International Group Inc. now owns 26,992 shares of the company’s stock valued at $517,000 after purchasing an additional 4,980 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of PowerSchool during the 2nd quarter valued at approximately $242,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of PowerSchool during the first quarter worth approximately $106,000. 65.29% of the stock is owned by institutional investors and hedge funds.

PowerSchool Company Profile

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.