PowerSchool Holdings Inc’s filing revealed that its Chief Executive Officer GULATI HARDEEP unloaded Company’s shares for reported $0.46 million on Apr 05 ’24. In the deal valued at $21.06 per share,21,900 shares were sold. As a result of this transaction, GULATI HARDEEP now holds 1,911,838 shares worth roughly $40.26 million.
Then, GULATI HARDEEP sold 19,302 shares, generating $407,465 in total proceeds. Upon selling the shares at $21.11, the Chief Executive Officer now owns 1,933,738 shares.
Before that, GULATI HARDEEP sold 8,897 shares. PowerSchool Holdings Inc shares valued at $183,767 were divested by the Chief Executive Officer at a price of $20.65 per share. As a result of the transaction, GULATI HARDEEP now holds 1,953,040 shares, worth roughly $41.13 million.
Goldman upgraded its PowerSchool Holdings Inc [PWSC] rating to a Buy from a a Neutral in a research note published on April 18, 2023; the price target was increased to $24 from $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid March from “a Mkt perform” to “an Outperform”. BofA Securities also remained covering PWSC and has increased its forecast on January 04, 2023 with a “Buy” recommendation from previously “Neutral” rating. Needham started covering the stock on December 15, 2022. It rated PWSC as “a Buy”.
Price Performance Review of PWSC
On Friday, PowerSchool Holdings Inc [NYSE:PWSC] saw its stock jump 1.01% to $21.06. Over the last five days, the stock has lost -1.08%. PowerSchool Holdings Inc shares have fallen nearly -10.61% since the year began. Nevertheless, the stocks have risen 8.44% over the past one year. While a 52-week high of $25.16 was reached on 02/06/24, a 52-week low of $16.41 was recorded on 03/06/24. SMA at 50 days reached $22.21, while 200 days put it at $22.04. A total of 0.77 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For PWSC Stock
The 24-hour chart illustrates a support level at 20.71, which if violated will result in even more drops to 20.36. On the upside, there is a resistance level at 21.27. A further resistance level may holdings at 21.49. The Relative Strength Index (RSI) on the 14-day chart is 47.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.51%. Stochastics %K at 52.93% indicates the stock is a holding.
How much short interest is there in PowerSchool Holdings Inc?
A steep rise in short interest was recorded in PowerSchool Holdings Inc stocks on Mar 15, 2024, growing by 1.23 million shares to a total of 7.37 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.14 million shares. There was a rise of 16.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.74% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.62.
The most recent change occurred on November 22, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $23 price target.
