Powerschool Holdings, Inc. (NYSE:PWSC) Chief Marketing Officer, Fred Studer, recently completed stock transactions involving the sale of Class A Common Stock to cover tax obligations. These transactions, which are not considered discretionary, resulted in a total sale of $43,556.
On March 27, 2024, Studer sold 1,045 shares at a price of $20.872 each. The following day, an additional 1,031 shares were sold for $21.091 per share, demonstrating a slight increase in the stock's selling price over the two-day period. After these sales, Studer's remaining ownership in the company stands at 161,609 shares of Class A Common Stock.
These sales were conducted to fulfill tax withholding requirements related to the vesting and settlement of a portion of restricted stock units granted to Studer on March 27, 2023. It is important for investors to note that such sales are typically planned and do not necessarily reflect changes in an executive's view of the company's future prospects.
Powerschool Holdings, Inc. specializes in prepackaged software services and is based in Folsom, California. The company is incorporated in Delaware and has established a significant presence in the technology sector.
InvestingPro Insights
Powerschool Holdings, Inc. (NYSE:PWSC) has been navigating through a challenging financial landscape, as reflected in some of the key metrics and analyst expectations. Here are some insights based on the latest data from InvestingPro:
InvestingPro Data indicates that Powerschool Holdings has a market capitalization of approximately $4.31 billion USD. Despite a negative P/E ratio of -110.63, which signals that investors are not currently earning profits from their shares, the company has seen a revenue growth of 10.62% over the last twelve months as of Q4 2023. The gross profit margin stands strong at 68.93%, showcasing the company's ability to maintain profitability on its sales.
When it comes to InvestingPro Tips, analysts have mixed views on the company's performance. On the one hand, net income is expected to grow this year, suggesting that there could be a turnaround in profitability. On the other hand, five analysts have revised their earnings downwards for the upcoming period, indicating potential concerns about the company's future earnings potential. Furthermore, short-term obligations exceed liquid assets, which may present liquidity challenges for Powerschool Holdings.
Investors considering Powerschool Holdings may want to take note of these metrics and tips. For those looking for more insights, there are additional InvestingPro Tips available on the platform. For example, while the company is trading at high EBIT and EBITDA valuation multiples, analysts predict that Powerschool Holdings will be profitable this year. It's also noteworthy that the company does not pay a dividend, which could influence investment decisions for those seeking regular income.
For more detailed analysis and additional tips that could guide your investment decisions, visit https://www.investing.com/pro/PWSC. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are currently 6 additional InvestingPro Tips available, offering a deeper dive into Powerschool Holdings' financial health and market position.
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