Powerschool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati has sold a total of 30,496 shares of the company's Class A common stock, in two separate transactions dated March 18 and March 19, 2024. The total proceeds from the sale amounted to over $630,000, with the shares being sold at prices ranging from $20.75 to $20.83.
The first sale on March 18 involved 15,307 shares at a weighted average price of $20.75, with individual transaction prices varying between $20.47 and $20.90. The following day, March 19, Gulati sold an additional 15,189 shares at a weighted average price of $20.83, with trades executed in a price range from $20.45 to $20.995. These figures were calculated based on the weighted average sale price provided in the footnotes of the SEC filing.
After the transactions, the CEO still holds a significant stake in Powerschool Holdings, with 2,126,262 shares remaining in his possession. The sales were conducted in a straightforward manner, with no derivative securities involved.
Investors and followers of Powerschool Holdings, Inc. will note that these transactions are part of the normal course of business for corporate executives, who may sell shares for a variety of personal financial reasons. The details of the sales, including the exact number of shares sold and the prices at which the sales were executed, are available upon request as indicated in the footnotes of the SEC filing.
The filings with the Securities and Exchange Commission provide transparency and allow shareholders to stay informed about the trading activities of the company's insiders. Gulati's recent stock sales are now part of the public record for Powerschool Holdings, offering investors insight into executive movements within the company.
InvestingPro Insights
Powerschool Holdings, Inc. (NYSE:PWSC) has been under scrutiny after CEO Hardeep Gulati's recent sale of shares. Investors looking to understand the company's financial health and future prospects can gain valuable insights from InvestingPro data and tips.
InvestingPro Data reveals a current market capitalization of $4.29 billion, indicating the company's size and market value. Despite the CEO's share sale, the company's revenue growth remains positive, with a notable increase of 10.62% over the last twelve months as of Q4 2023. This suggests a growing business, which might reassure investors about the company's performance. Additionally, the gross profit margin stands strong at 68.93%, reflecting the company's ability to retain a significant portion of its sales revenue after accounting for the cost of goods sold.
In terms of forward-looking InvestingPro Tips, it's noteworthy that analysts have revised their earnings downwards for the upcoming period, which could be a point of concern for potential investors. However, it is also predicted that the company will become profitable this year, which could signify a turning point for Powerschool Holdings in terms of financial performance.
For investors seeking more comprehensive analysis and additional tips, there are further insights available on InvestingPro. There are a total of 7 additional InvestingPro Tips for Powerschool Holdings, which can be accessed by visiting https://www.investing.com/pro/PWSC. To enhance your investing strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing more in-depth data and expert insights to inform your investment decisions.
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