Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 5,000 shares of Pluralsight stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.32, for a total transaction of $81,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of PS stock traded up $0.15 during mid-day trading on Wednesday, reaching $16.35. 1,139,986 shares of the company’s stock traded hands, compared to its average volume of 1,836,630. Pluralsight Inc has a 12 month low of $14.84 and a 12 month high of $35.70. The company has a market cap of $2.39 billion, a P/E ratio of -11.20 and a beta of 2.22. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $17.43 and its 200-day moving average price is $22.49.
Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. Pluralsight had a negative net margin of 32.59% and a negative return on equity of 46.91%. The firm had revenue of $82.60 million for the quarter, compared to analysts’ expectations of $79.83 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The company’s quarterly revenue was up 34.1% on a year-over-year basis. Equities analysts predict that Pluralsight Inc will post -1.03 earnings per share for the current year.
PS has been the topic of several recent analyst reports. KeyCorp cut their price target on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Needham & Company LLC cut their price target on shares of Pluralsight from $36.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Pluralsight in a report on Monday, November 25th. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, Bank of America cut their price target on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Pluralsight has an average rating of “Buy” and a consensus target price of $26.11.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Pluralsight by 31.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock valued at $197,164,000 after buying an additional 1,558,996 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Pluralsight by 38.6% in the 2nd quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock worth $171,013,000 after purchasing an additional 1,571,685 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Pluralsight by 65.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock worth $151,176,000 after purchasing an additional 1,977,794 shares during the last quarter. First Trust Advisors LP raised its position in shares of Pluralsight by 54.2% in the 3rd quarter. First Trust Advisors LP now owns 4,363,979 shares of the company’s stock worth $73,293,000 after purchasing an additional 1,534,322 shares during the last quarter. Finally, Riverbridge Partners LLC raised its position in shares of Pluralsight by 63.4% in the 3rd quarter. Riverbridge Partners LLC now owns 4,051,477 shares of the company’s stock worth $68,045,000 after purchasing an additional 1,572,309 shares during the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.
Pluralsight Company Profile
Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
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