Goldman upgrades PowerSchool Holdings Inc. (PWSC) stock to a Buy


PowerSchool Holdings Inc.’s filing revealed that its Chief Product Officer DANIEL MARCY unloaded Company’s shares for reported $0.29 million on Aug 30. In the deal valued at $19.01 per share,15,000 shares were sold. As a result of this transaction, DANIEL MARCY now holds 284,120 shares worth roughly $ 6.41 million.

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Then, HENDRAKA ANGELINA sold 3,657 shares, generating $83,233 in total proceeds. Upon selling the shares at $22.76, the Chief Accounting Officer now owns 124,687 shares.

Before that, GULATI HARDEEP sold 19,169 shares. PowerSchool Holdings Inc. shares valued at $364,403 were divested by the Chief Executive Officer at a price of $19.01 per share. As a result of the transaction, GULATI HARDEEP now holds 200,623,713 shares, worth roughly $4.53 billion.

Goldman upgraded its PowerSchool Holdings Inc. [PWSC] rating to a Buy from a a Neutral in a research note published on Friday, April 18, 2023; the price target was increased to $24 from $20. PT values the company’s stock at a premium of 5.96 to its Friday closing price.

Price Performance Review of PWSC

On Friday, PowerSchool Holdings Inc. [NYSE:PWSC] saw its stock jump 2.03% to $22.57. On the same session, the stock had its day’s lowest price of $22.13, but rose to a high of $22.59. Over the last five days, the stock has gained 5.86%. PowerSchool Holdings Inc. shares have fallen nearly -2.21% since the year began. Nevertheless, the stocks have risen 25.39% over the past one year. While a 52-week high of $26.05 was reached on 01/12/23, a 52-week low of $15.60 was recorded on 05/05/23. SMA at 50 days reached $21.44, while 200 days put it at $20.88. A total of 0.64 million shares were traded, compared to the trading of 1.63 million shares in the previous session.

Levels Of Support And Resistance For PWSC Stock

The 24-hour chart illustrates a support level at 22.27, which if violated will result in even more drops to 21.97. On the upside, there is a resistance level at 22.73. A further resistance level may holdings at 22.89. The Relative Strength Index (RSI) on the 14-day chart is 59.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.07%. Stochastics %K at 87.00% indicates the stock is a selling.

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

A steep rise in short interest was recorded in PowerSchool Holdings Inc. stocks on Aug 14, 2023, growing by 0.81 million shares to a total of 4.21 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.4 million shares. There was a rise of 19.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.99.

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 6.19% of the outstanding PWSC shares. Additionally, The Vanguard Group, Inc. increased 66.57% of its stake after which the total value it holdings stand at $214,583,750, while Wellington Management Co. LLP added 43.61% of its stake to hold $157.59 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 376,406 shares of PowerSchool Holdings Inc., while William Blair Investment Manageme bought 80,643 shares. At present, TimesSquare Capital Management LL is holding 2,926,415 shares valued at $70.73 million. Mackenzie Financial Corp. owned 1,757,502 shares of the company at the time of its most recent 13F filing, worth $42.48 million.

According to FactSet, PowerSchool Holdings Inc.’s share price will average $26.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.8 percent from its previous closing price of $22.12. Analysts expect PowerSchool Holdings Inc. stock to reach the higher price of $30.00, while the lowest price estimate is $22.00. However, 15 analysts have rated PWSC stock as a Buy in their predictions for 2023.


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