Pluralsight Inc (NASDAQ:PS) insider Matthew Forkner sold 11,046 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $19.12, for a total value of $211,199.52. Following the completion of the transaction, the insider now directly owns 178,480 shares of the company’s stock, valued at approximately $3,412,537.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PS stock opened at $19.03 on Monday. Pluralsight Inc has a 1 year low of $6.59 and a 1 year high of $32.40. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $19.26 and its two-hundred day simple moving average is $16.89. The company has a market cap of $2.72 billion, a PE ratio of -15.99 and a beta of 2.63.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Pluralsight had a negative return on equity of 54.65% and a negative net margin of 38.07%. The business had revenue of $92.65 million for the quarter, compared to the consensus estimate of $86.87 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. Equities research analysts expect that Pluralsight Inc will post -1.12 EPS for the current year.
A number of equities analysts have recently weighed in on the company. ValuEngine lowered Pluralsight from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 15th. Piper Sandler initiated coverage on Pluralsight in a research report on Thursday, May 21st. They issued an “overweight” rating and a $26.00 target price on the stock. KeyCorp initiated coverage on Pluralsight in a research report on Monday, June 29th. They issued an “overweight” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Pluralsight from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, May 4th. Finally, Raymond James decreased their target price on Pluralsight from $26.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Pluralsight currently has a consensus rating of “Buy” and an average target price of $21.13.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of Pluralsight in the fourth quarter worth approximately $3,231,000. State Board of Administration of Florida Retirement System raised its position in Pluralsight by 1.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 57,027 shares of the company’s stock valued at $626,000 after purchasing an additional 779 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Pluralsight by 5.5% in the 4th quarter. Amalgamated Bank now owns 16,788 shares of the company’s stock worth $289,000 after buying an additional 872 shares during the period. Rhumbline Advisers grew its position in shares of Pluralsight by 1.5% during the 4th quarter. Rhumbline Advisers now owns 58,483 shares of the company’s stock worth $1,006,000 after buying an additional 876 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Pluralsight by 1.7% during the 4th quarter. Victory Capital Management Inc. now owns 89,516 shares of the company’s stock worth $1,541,000 after buying an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.
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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