Welcome to the latest update on Powerschool Holdings, Inc. (NYSE:PWSC) and the recent stock transactions of CEO Hardeep Gulati. According to the latest SEC filings, Gulati has sold a significant portion of his stock in the company, totaling over $215,000 over three days.
The sales began on May 20, 2024, with Gulati selling 100 shares at $21.11 each. The following day, a larger sale of 7,566 shares took place at weighted average prices ranging from $21.00 to $21.05 per share. The final sale occurred on May 23, with 2,600 shares being sold at weighted average prices between $21.01 and $21.14. These sales were conducted under a Rule 10b5-1 trading plan, allowing for a predetermined selling plan.
Despite these sales, CEO Hardeep Gulati still holds 1,845,401 shares of Powerschool stock. The disclosed transactions provide transparency into executive stock activities and comply with regulatory requirements.
Investors and stakeholders can request detailed information on the specific number of shares sold within the provided price ranges. These disclosed sales offer insight into Powerschool’s stock performance and insider transactions.
InvestingPro Insights
As Powerschool Holdings, Inc. (NYSE:PWSC) continues its market journey, recent CEO activity has attracted investor attention. While the insider sales are significant, it’s essential to consider broader financial context for a comprehensive understanding. Here are insights from InvestingPro to help investors grasp Powerschool’s current position:
The company’s market capitalization is $4.24 billion, reflecting its valuation. Despite facing challenges with a negative P/E ratio of -87.81 in the past twelve months, Powerschool has shown 12.9% revenue growth and a 16.0% quarterly revenue increase in Q1 2024. The gross profit margin stands at 69.2%, indicating profitability on products and services.
InvestingPro Tips reveal that, while not currently profitable with a negative EPS of -0.24 USD, analysts predict a turnaround this year. Recent returns of 19.0% in the last month suggest positive investor sentiment. However, 6 analysts have revised earnings estimates downwards, signaling potential challenges.
For a more in-depth analysis, InvestingPro offers additional metrics and insights. Access 7 more InvestingPro Tips on the platform. Enhance your investment research with a 10% discount on a yearly or biyearly Pro and Pro+ subscription using code PRONEWS24 at InvestingPro.
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