Insider Buying: Pluralsight Inc (NASDAQ:PS) Director Buys $497,400.00 in Stock

Pluralsight Inc (NASDAQ:PS) Director Timothy I. Maudlin acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $16.58 per share, with a total value of $497,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of PS opened at $15.63 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82. Pluralsight Inc has a twelve month low of $15.48 and a twelve month high of $38.37. The firm’s 50 day moving average price is $26.74 and its two-hundred day moving average price is $30.36. The firm has a market cap of $2.22 billion, a P/E ratio of -10.71 and a beta of 1.96.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.04). The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The business’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) EPS. On average, sell-side analysts anticipate that Pluralsight Inc will post -1.02 earnings per share for the current fiscal year.

PS has been the subject of a number of analyst reports. SunTrust Banks decreased their price objective on shares of Pluralsight to $27.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Barrington Research initiated coverage on shares of Pluralsight in a report on Monday, July 22nd. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research lowered shares of Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Raymond James cut their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Needham & Company LLC cut their price target on shares of Pluralsight to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. Pluralsight presently has a consensus rating of “Buy” and an average price target of $34.40.

Hedge funds have recently made changes to their positions in the company. Weiss Asset Management LP bought a new stake in shares of Pluralsight in the first quarter worth $4,888,000. FDx Advisors Inc. lifted its position in shares of Pluralsight by 19.8% in the second quarter. FDx Advisors Inc. now owns 20,795 shares of the company’s stock worth $631,000 after purchasing an additional 3,432 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Pluralsight by 25.0% in the second quarter. Handelsbanken Fonder AB now owns 225,000 shares of the company’s stock worth $6,822,000 after purchasing an additional 45,000 shares in the last quarter. Tompkins Financial Corp bought a new stake in shares of Pluralsight in the first quarter worth $37,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Pluralsight by 118.8% in the first quarter. State of Alaska Department of Revenue now owns 6,215 shares of the company’s stock worth $196,000 after purchasing an additional 3,375 shares in the last quarter. 81.93% of the stock is currently owned by institutional investors and hedge funds.

About Pluralsight

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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