Pluralsight Inc (NASDAQ:PS) CEO Aaron Skonnard Sells 84,594 Shares

Pluralsight Inc (NASDAQ:PS) CEO Aaron Skonnard sold 84,594 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.47, for a total value of $2,577,579.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pluralsight stock traded up $0.79 during midday trading on Tuesday, reaching $31.78. 1,272,964 shares of the company were exchanged, compared to its average volume of 1,632,414. The firm has a market capitalization of $4.30 billion, a P/E ratio of -21.77 and a beta of 1.98. The company’s 50-day moving average is $30.87. Pluralsight Inc has a 1 year low of $17.88 and a 1 year high of $38.37. 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 (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The company’s quarterly revenue was up 40.2% on a year-over-year basis. On average, sell-side analysts expect that Pluralsight Inc will post -0.97 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of PS. FIL Ltd purchased a new stake in shares of Pluralsight during the 1st quarter valued at about $94,480,000. First Trust Advisors LP increased its holdings in Pluralsight by 2,507.4% during the 2nd quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after purchasing an additional 2,721,132 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in Pluralsight during the 1st quarter worth approximately $72,669,000. TimesSquare Capital Management LLC increased its holdings in Pluralsight by 87.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock worth $129,137,000 after purchasing an additional 1,899,315 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Pluralsight by 152.2% during the 1st 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 last quarter. Hedge funds and other institutional investors own 77.35% of the company’s stock.

A number of research analysts have recently weighed in on PS shares. KeyCorp started coverage on Pluralsight in a research report on Tuesday, July 16th. They issued an “overweight” rating and a $40.00 price target for the company. Barrington Research restated a “buy” rating and issued a $26.00 price target on shares of Carriage Services in a research report on Monday, July 22nd. Citigroup upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Finally, Needham & Company LLC raised their price target on Alteryx to $108.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $37.94.

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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