Picton Mahoney Asset Management Acquires 10,700 Shares of Pluralsight Inc (NASDAQ:PS)

Picton Mahoney Asset Management increased its holdings in Pluralsight Inc (NASDAQ:PS) by 33.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,600 shares of the company’s stock after acquiring an additional 10,700 shares during the quarter. Picton Mahoney Asset Management’s holdings in Pluralsight were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. bought a new position in shares of Pluralsight in the 1st quarter worth about $33,000. Parallel Advisors LLC bought a new position in shares of Pluralsight in the 1st quarter worth about $33,000. Icon Wealth Partners LLC bought a new position in shares of Pluralsight in the 1st quarter worth about $34,000. Rehmann Capital Advisory Group bought a new position in shares of Pluralsight in the 1st quarter worth about $34,000. Finally, Tompkins Financial Corp bought a new position in shares of Pluralsight in the 1st quarter worth about $37,000. Institutional investors own 74.30% of the company’s stock.

In other news, CEO Aaron Skonnard sold 84,594 shares of Pluralsight stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nate Walkingshaw sold 29,579 shares of Pluralsight stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $30.81, for a total transaction of $911,328.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,278 shares of company stock valued at $4,115,451. 23.19% of the stock is owned by company insiders.

Several research analysts recently issued reports on PS shares. KeyCorp decreased their price target on shares of Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Citigroup decreased their price target 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. Needham & Company LLC decreased their price target on shares of Pluralsight to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Raymond James decreased their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.40.

NASDAQ:PS traded down $0.45 on Friday, reaching $15.55. 2,457,529 shares of the stock traded hands, compared to its average volume of 3,902,379. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -10.65 and a beta of 1.96. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.74. Pluralsight Inc has a 12 month low of $15.31 and a 12 month high of $38.37. The company’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $29.78.

Pluralsight (NASDAQ:PS) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The firm had revenue of $75.90 million for the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative net margin of 28.32% and a negative return on equity of 47.43%. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) earnings per share. Equities analysts anticipate that Pluralsight Inc will post -1.02 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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