Powerschool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati has recently sold a significant portion of his stock in the company, according to the latest SEC filings. Over the course of three days, Gulati executed sales totaling over $215,000.
The transactions began on May 20, 2024, when the CEO sold 100 shares at a price of $21.11 each. This was followed by a larger sale on May 22, where 7,566 shares were sold at weighted average prices ranging from $21.00 to $21.05 per share. The final sale took place 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, which allows company insiders to set up a predetermined plan to sell stocks at a specific time.
Following the sales, CEO Hardeep Gulati still owns a considerable amount of Powerschool stock, with his holdings totaling 1,845,401 shares. The sales have been disclosed as per the regulatory requirements and provide transparency into the executive's stock transactions.
Investors and stakeholders in Powerschool Holdings can request detailed information about the exact number of shares sold at each price point within the provided ranges, as per the footnotes in the SEC filing. The disclosed sales offer a glimpse into the trading activities of one of the top executives at Powerschool and may be of interest to those following the company's stock performance and insider transactions.
InvestingPro Insights
As Powerschool Holdings, Inc. (NYSE:PWSC) continues to navigate the market, recent activity from the company's CEO has caught the attention of investors. While these insider sales are noteworthy, it's also important to consider the broader financial context in which they occur. Here are some key metrics and insights from InvestingPro that could help investors gain a clearer picture of Powerschool's current situation:
The company's market capitalization stands at $4.24 billion, reflecting its valuation in the market. Despite a challenging period, with a negative P/E ratio of -87.81 for the last twelve months as of Q1 2024, Powerschool has demonstrated a robust revenue growth of 12.9% over the same period. This growth is further highlighted by a quarterly revenue increase of 16.0% in Q1 2024. Additionally, the gross profit margin remains strong at 69.2%, indicating the company's ability to maintain profitability on its products and services.
InvestingPro Tips suggest that while Powerschool is not currently profitable, with a negative earnings per share (EPS) of -0.24 USD, analysts are predicting the company will turn a profit this year. This optimism is coupled with a recent significant return of 19.0% over the last month, showcasing a potential positive sentiment among investors. However, it's crucial to note that 6 analysts have revised their earnings estimates downwards for the upcoming period, indicating potential headwinds or a more conservative outlook.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights and metrics. There are currently 7 more InvestingPro Tips available, which can be accessed through the platform. To enhance your investment research, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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