Parkside Financial Bank & Trust Raises Stock Position in Pluralsight Inc (NASDAQ:PS)

Parkside Financial Bank & Trust boosted its stake in shares of Pluralsight Inc (NASDAQ:PS) by 105.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,674 shares of the company’s stock after purchasing an additional 2,397 shares during the period. Parkside Financial Bank & Trust’s holdings in Pluralsight were worth $78,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PS. Quantamental Technologies LLC purchased a new stake in shares of Pluralsight in the 2nd quarter valued at $31,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Pluralsight by 530.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock valued at $50,000 after acquiring an additional 1,384 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Pluralsight by 46.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock valued at $33,000 after acquiring an additional 620 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Pluralsight by 121.5% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,268 shares of the company’s stock valued at $38,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Pluralsight in the 2nd quarter valued at $83,000. 79.64% of the stock is currently owned by institutional investors.

NASDAQ:PS traded up $0.06 during trading hours on Monday, reaching $17.68. 12,835 shares of the company were exchanged, compared to its average volume of 1,874,044. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.80. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $24.42. The firm has a market cap of $2.50 billion, a PE ratio of -12.05 and a beta of 2.30. Pluralsight Inc has a twelve month low of $14.84 and a twelve month high of $35.70.

Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The business had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $79.83 million. Pluralsight had a negative net margin of 32.59% and a negative return on equity of 46.91%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, research analysts anticipate that Pluralsight Inc will post -1.03 EPS for the current year.

In other Pluralsight news, Director Gary L. Crittenden bought 14,600 shares of Pluralsight stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $17.11 per share, for a total transaction of $249,806.00. Also, insider Frederick Onion bought 30,000 shares of Pluralsight stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $17.19 per share, with a total value of $515,700.00. 23.19% of the stock is owned by corporate insiders.

Several research firms recently issued reports on PS. Citigroup decreased their target price on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Raymond James reduced their price objective on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Bank of America reduced their price objective on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Barrington Research set a $30.00 price objective on shares of Pluralsight and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Berenberg Bank began coverage on shares of Pluralsight in a research report on Wednesday, September 18th. They set a “buy” rating and a $24.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.26.

Pluralsight Company Profile

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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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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