Scott D. Dorsey Sells 47,492 Shares of Pluralsight Inc (PS) Stock

Pluralsight Inc (NASDAQ:PS) Director Scott D. Dorsey sold 47,492 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $28.37, for a total transaction of $1,347,348.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of PS stock opened at $29.02 on Friday. Pluralsight Inc has a 1 year low of $17.88 and a 1 year high of $38.37. The firm has a market cap of $4.01 billion and a PE ratio of -19.88.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, February 13th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.14). Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The business had revenue of $67.26 million for the quarter, compared to the consensus estimate of $65.76 million. During the same period in the previous year, the firm earned ($0.53) EPS. The company’s revenue was up 41.9% on a year-over-year basis. On average, sell-side analysts forecast that Pluralsight Inc will post -0.79 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Crewe Advisors LLC bought a new position in Pluralsight in the 4th quarter worth $203,041,000. BBR Partners LLC bought a new position in Pluralsight in the 4th quarter worth $43,348,000. Franklin Resources Inc. boosted its holdings in shares of Pluralsight by 93.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,205,567 shares of the company’s stock valued at $70,578,000 after purchasing an additional 1,068,288 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Pluralsight by 48.9% during the 3rd quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock valued at $56,824,000 after purchasing an additional 582,839 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of Pluralsight during the 4th quarter valued at about $13,664,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on PS shares. Zacks Investment Research lowered shares of Pluralsight from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Robert W. Baird started coverage on shares of Pluralsight in a research note on Wednesday, November 28th. They set an “outperform” rating and a $22.38 target price for the company. Finally, Bank of America boosted their target price on shares of Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.26.

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Pluralsight Company Profile

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill 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 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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