Pluralsight (PS) Shares Down 6.2%

Shares of Pluralsight Inc (NASDAQ:PS) were down 6.2% on Monday . The stock traded as low as $30.51 and last traded at $30.72. Approximately 1,280,218 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 1,668,362 shares. The stock had previously closed at $32.74.

Several analysts have commented on PS shares. Bank of America increased their target price on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price (up from $38.00) on shares of Pluralsight in a research note on Thursday, May 2nd. Finally, Zacks Investment Research downgraded Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Pluralsight has an average rating of “Buy” and a consensus target price of $35.71.

The company has a debt-to-equity ratio of 1.68, a current ratio of 3.79 and a quick ratio of 3.79. The company has a market cap of $4.46 billion and a P/E ratio of -21.04.

Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating the 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 business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $68.31 million. Pluralsight’s quarterly revenue was up 40.2% on a year-over-year basis. Analysts expect that Pluralsight Inc will post -0.98 EPS for the current year.

In other news, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $28.37, for a total value of $225,348,073.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Budge sold 333,091 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $29.44, for a total value of $9,806,199.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,120,100 shares of company stock worth $259,952,020. Company insiders own 23.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PS. Daiwa Securities Group Inc. purchased a new position in shares of Pluralsight in the 1st quarter worth $33,000. Parallel Advisors LLC purchased a new position in shares of Pluralsight in the 1st quarter worth $33,000. Icon Wealth Partners LLC purchased a new position in shares of Pluralsight in the 1st quarter worth $34,000. Tompkins Financial Corp purchased a new position in shares of Pluralsight in the 1st quarter worth $37,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Pluralsight in the 1st quarter worth $68,000. Hedge funds and other institutional investors own 59.57% of the company’s stock.

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Pluralsight Company Profile (NASDAQ:PS)

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.

Further Reading: Analyzing a company’s cash flow statement

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