Full Sail Capital LLC cut its stake in shares of Pluralsight Inc (NASDAQ:PS) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 909,699 shares of the company’s stock after selling 70,000 shares during the period. Pluralsight makes up 9.2% of Full Sail Capital LLC’s investment portfolio, making the stock its biggest holding. Full Sail Capital LLC’s holdings in Pluralsight were worth $28,874,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of PS. Daiwa Securities Group Inc. purchased a new stake in Pluralsight during the 1st quarter valued at approximately $33,000. Parallel Advisors LLC purchased a new stake in Pluralsight during the 1st quarter valued at approximately $33,000. Icon Wealth Partners LLC purchased a new stake in Pluralsight during the 1st quarter valued at approximately $34,000. Fifth Third Bancorp purchased a new stake in Pluralsight during the 1st quarter valued at approximately $36,000. Finally, Tompkins Financial Corp purchased a new position in shares of Pluralsight during the 1st quarter worth approximately $37,000. 77.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price (up from $38.00) on shares of Pluralsight in a research note on Thursday, May 2nd. Citigroup assumed coverage on Pluralsight in a research note on Tuesday, May 14th. They set a “buy” rating and a $42.00 target price for the company. Bank of America increased their target price on Pluralsight from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research downgraded Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.49.
Shares of PS stock opened at $30.36 on Friday. Pluralsight Inc has a 12-month low of $17.88 and a 12-month high of $38.37. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.79 and a quick ratio of 3.79.
Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The company’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, sell-side analysts forecast that Pluralsight Inc will post -0.98 EPS for the current fiscal year.
In related news, CEO Aaron Skonnard sold 133,395 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.71, for a total value of $4,496,745.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nate Walkingshaw sold 20,316 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $31.43, for a total value of $638,531.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,382 shares of company stock worth $5,903,311. Insiders own 23.19% of the company’s stock.
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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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