Pluralsight Inc (PS) Insider Sells $21,829.79 in Stock

Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 653 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $33.43, for a total value of $21,829.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, May 13th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The shares were 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 shares were 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 shares were sold at an average price of $32.58, for a total value of $125,465.58.
  • On Tuesday, April 2nd, Nate Walkingshaw sold 20,316 shares of Pluralsight stock. The shares were sold at an average price of $31.43, for a total value of $638,531.88.
  • On Monday, March 18th, Nate Walkingshaw sold 3,851 shares of Pluralsight stock. The shares were sold at an average price of $29.84, for a total value of $114,913.84.
  • On Monday, March 11th, Nate Walkingshaw sold 70,000 shares of Pluralsight stock. The shares were sold at an average price of $28.37, for a total value of $1,985,900.00.
  • On Monday, March 4th, Nate Walkingshaw sold 3,852 shares of Pluralsight stock. The shares were sold at an average price of $33.21, for a total value of $127,924.92.

NASDAQ:PS traded up $0.14 during trading hours on Friday, hitting $33.23. 1,299,622 shares of the stock traded hands, compared to its average volume of 1,631,449. 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 fifty-two week low of $17.88 and a fifty-two week high of $38.37. The company has a market cap of $4.71 billion and a P/E ratio of -22.76.

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

A number of large investors have recently made changes to their positions in the business. Citigroup Inc. increased its stake in shares of Pluralsight by 5,835.7% in the fourth quarter. Citigroup Inc. now owns 27,304 shares of the company’s stock worth $643,000 after acquiring an additional 26,844 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Pluralsight by 810.2% in the third quarter. Legal & General Group Plc now owns 40,903 shares of the company’s stock worth $1,309,000 after acquiring an additional 36,409 shares during the last quarter. Tygh Capital Management Inc. acquired a new position in shares of Pluralsight in the fourth quarter worth $4,396,000. Herald Investment Management Ltd acquired a new position in shares of Pluralsight in the fourth quarter worth $2,179,000. Finally, BBR Partners LLC acquired a new position in shares of Pluralsight in the fourth quarter worth $43,348,000. 66.38% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on PS. Zacks Investment Research downgraded Pluralsight from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Citigroup began coverage on Pluralsight in a research report on Tuesday, May 14th. They set a “buy” rating and a $42.00 price objective for the company. Bank of America increased their price objective on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $42.00 price objective (up previously from $38.00) on shares of Pluralsight in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.34.

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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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