Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PowerSchool Holdings Inc shares valued at $461,214 were sold by GULATI HARDEEP on Apr 05 ’24. At $21.06 per share, GULATI HARDEEP sold 21,900 shares. The insider’s holdings dropped to 1,911,838 shares worth approximately $39.59 million following the completion of this transaction.
Also, GULATI HARDEEP sold 19,302 shares, netting a total of over 407,465 in proceeds. Following the sale of shares at $21.11 each, the insider now holds 1,933,738 shares.
Before that, GULATI HARDEEP had sold 8,897 shares from its account. In a trade valued at $183,767, the Chief Executive Officer traded PowerSchool Holdings Inc shares for $20.65 each. Upon closing the transaction, the insider’s holdings decreased to 8,897 shares, worth approximately $40.45 million.
As published in a research note from Goldman on April 18, 2023, PowerSchool Holdings Inc [PWSC] has been rated up from a Neutral to a Buy and the price target has been revised to $24 from $20. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of January 04, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for PWSC. Earlier on December 15, 2022, Needham initiated its rating. Their recommendation was “a Buy” for PWSC stock.
Analyzing PWSC Stock Performance
During the last five days, there has been a drop of approximately -0.67%. Over the course of the year, PowerSchool Holdings Inc shares have dropped approximately -12.10%. Shares of the company reached a 52-week high of $25.16 on 02/06/24 and a 52-week low of $19.89 on 03/06/24. A 50-day SMA is recorded $21.99, while a 200-day SMA reached $22.08. Nevertheless, trading volume fell to 1.0 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for PowerSchool Holdings Inc (PWSC)
According to the 24-hour chart, there is a support level at 20.51, which, if violated, would cause prices to drop to 20.30. In the upper region, resistance lies at 21.11. The next price resistance is at 21.50. RSI (Relative Strength Index) is 41.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 69.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is PowerSchool Holdings Inc subject to short interest?
Stocks of PowerSchool Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.23 million shares to 7.37 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.14 million shares. A jump of 16.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.62.
