Monitoring PowerSchool Holdings Inc. (PWSC) after recent insider movements


PowerSchool Holdings Inc.’s recently made public that its Director ONEX CORP unloaded Company’s shares for reported $86.6 million on Mar 03. In the deal valued at $20.16 per share,4,295,739 shares were sold. As a result of this transaction, ONEX CORP now holds 71,118,123 shares worth roughly $ 1.34 billion.

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Then, GULATI HARDEEP sold 63,727 shares, generating $1,284,736 in total proceeds. Upon selling the shares at $20.16, the Chief Executive Officer now owns 2,344,717 shares.

Before that, HENDRAKA ANGELINA sold 18,171 shares. PowerSchool Holdings Inc. shares valued at $317,084 were divested by the Chief Accounting Officer at a price of $17.45 per share. As a result of the transaction, HENDRAKA ANGELINA now holds 118,137 shares, worth roughly $2.22 million.

BofA Securities upgraded its PowerSchool Holdings Inc. [PWSC] rating to a Buy from a a Neutral in a research note published on Friday, January 04, 2023; the price target was increased to $32 from $20. PT values the company’s stock at a premium of 41.28 to its Friday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Credit Suisse began covering PWSC with “an Outperform” recommendation on November 22, 2022. Goldman revised its rating on July 13, 2022. It rated PWSC as “a Neutral” which previously was an “a Sell”.

Price Performance Review of PWSC

On Friday, PowerSchool Holdings Inc. [NYSE:PWSC] saw its stock fall -3.09% to $18.79. On the same session, the stock had its day’s lowest price of $18.76, but rose to a high of $19.45. Over the last five days, the stock has lost -4.08%. PowerSchool Holdings Inc. shares have fallen nearly -18.59% since the year began. Nevertheless, the stocks have risen 8.93% over the past one year. While a 52-week high of $26.05 was reached on 01/12/23, a 52-week low of $10.60 was recorded on 03/10/23. SMA at 50 days reached $22.79, while 200 days put it at $18.33. A total of 0.82 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For PWSC Stock

The 24-hour chart illustrates a support level at 18.55, which if violated will result in even more drops to 18.31. On the upside, there is a resistance level at 19.24. A further resistance level may holdings at 19.69. The Relative Strength Index (RSI) on the 14-day chart is 26.01, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.52%. Stochastics %K at 1.18% indicates the stock is a buying.

How much short interest is there in PowerSchool Holdings Inc.?

A steep rise in short interest was recorded in PowerSchool Holdings Inc. stocks on Jan 12, 2023, growing by 0.33 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.23 million shares. There was a rise of 12.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.73.

PowerSchool Holdings Inc. [PWSC] – Who Are The Largest Shareholders?

In filings from Canada Pension Plan Investment Bo, it is revealed that the company now owns 10,111,111 shares, or roughly 6.34% of the outstanding PWSC shares. Additionally, The Vanguard Group, Inc. increased 7.26% of its stake after which the total value it holdings stand at $160,618,490, while Wellington Management Co. LLP added 23.40% of its stake to hold $87.87 million in the firm. Over the last quarter, Select Equity Group LP sold -3,374,068 shares of PowerSchool Holdings Inc., while TimesSquare Capital Management LL sold 172,974 shares. At present, BlackRock Fund Advisors is holding 2,696,571 shares valued at $61.89 million. Lord, Abbett & Co. LLC owned 2,285,603 shares of the company at the time of its most recent 13F filing, worth $52.45 million.

According to FactSet, PowerSchool Holdings Inc.’s share price will average $26.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 39.25 percent from its previous closing price of $19.39. Analysts expect PowerSchool Holdings Inc. stock to reach the higher price of $32.00, while the lowest price estimate is $20.00. However, 14 analysts have rated PWSC stock as an Overweight in their predictions for 2023. The most recent change occurred on March 30, 2022 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $20 price target.


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