James Budge Sells 1,823 Shares of Pluralsight Inc (PS) Stock

Pluralsight Inc (NASDAQ:PS) CFO James Budge sold 1,823 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $33.34, for a total value of $60,778.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NASDAQ PS traded up $0.14 during mid-day trading on Friday, hitting $33.23. The stock had a trading volume of 1,299,322 shares, compared to its average volume of 1,631,449. Pluralsight Inc has a twelve month low of $17.88 and a twelve month high of $38.37. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79. The company has a market cap of $4.60 billion and a P/E ratio of -22.76.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $68.31 million. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, sell-side analysts predict that Pluralsight Inc will post -0.98 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in shares of Pluralsight by 304.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 54,681 shares of the company’s stock worth $1,750,000 after purchasing an additional 41,153 shares in the last quarter. Teachers Advisors LLC acquired a new position in shares of Pluralsight during the 3rd quarter worth approximately $827,000. TIAA CREF Investment Management LLC acquired a new position in shares of Pluralsight during the 3rd quarter worth approximately $1,807,000. Legal & General Group Plc grew its position in shares of Pluralsight by 810.2% during the 3rd quarter. Legal & General Group Plc now owns 40,903 shares of the company’s stock worth $1,309,000 after purchasing an additional 36,409 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Pluralsight by 37.2% during the 3rd quarter. Morgan Stanley now owns 84,988 shares of the company’s stock worth $2,720,000 after purchasing an additional 23,062 shares in the last quarter. 66.38% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Citigroup assumed coverage on Pluralsight in a research note on Tuesday, May 14th. They set a “buy” rating and a $42.00 target price for the company. Zacks Investment Research downgraded Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed 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, Bank of America upped their target price on Pluralsight from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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Insider Buying and Selling by Quarter for Pluralsight (NASDAQ:PS)

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