Insider Selling: Pluralsight Inc (NASDAQ:PS) Insider Sells 3,852 Shares of Stock

Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 3,852 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $31.12, for a total value of $119,874.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nate Walkingshaw also recently made the following trade(s):

  • On Tuesday, July 2nd, Nate Walkingshaw sold 29,579 shares of Pluralsight stock. The stock was sold at an average price of $30.81, for a total value of $911,328.99.
  • On Tuesday, May 28th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The stock was sold at an average price of $33.42, for a total value of $128,733.84.
  • On Wednesday, May 22nd, Nate Walkingshaw sold 653 shares of Pluralsight stock. The stock was sold at an average price of $33.43, for a total value of $21,829.79.
  • On Monday, May 13th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The stock was sold at an average price of $30.87, for a total value of $118,880.37.
  • On Monday, April 29th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The stock was sold at an average price of $34.43, for a total value of $132,624.36.
  • On Monday, April 15th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The stock was sold at an average price of $32.58, for a total value of $125,465.58.

PS opened at $31.83 on Friday. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.68. Pluralsight Inc has a 52-week low of $17.88 and a 52-week high of $38.37. The stock has a market capitalization of $4.41 billion, a PE ratio of -21.80 and a beta of 1.98. The company’s 50 day simple moving average is $31.40.

Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight’s revenue for the quarter was up 40.2% compared to the same quarter last year. As a group, analysts forecast that Pluralsight Inc will post -0.98 earnings per share for the current fiscal year.

PS has been the topic of a number of analyst reports. Needham & Company LLC lifted their price target on Alteryx to $108.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.49.

Several institutional investors and hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its stake in shares of Pluralsight by 87.6% during the first quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock valued at $129,137,000 after buying an additional 1,899,315 shares during the period. FIL Ltd purchased a new stake in Pluralsight in the first quarter worth $94,480,000. JPMorgan Chase & Co. grew its stake in Pluralsight by 152.2% in the first quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock worth $86,358,000 after purchasing an additional 1,642,071 shares during the period. Riverbridge Partners LLC grew its stake in Pluralsight by 8.3% in the second quarter. Riverbridge Partners LLC now owns 2,479,168 shares of the company’s stock worth $75,168,000 after purchasing an additional 189,664 shares during the period. Finally, BlackRock Inc. grew its stake in Pluralsight by 8.0% in the fourth quarter. BlackRock Inc. now owns 1,917,779 shares of the company’s stock worth $45,164,000 after purchasing an additional 142,072 shares during the period. 77.21% of the stock is currently owned by hedge funds and other institutional investors.

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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