Riverbridge Partners LLC Has $68.05 Million Stake in Pluralsight Inc (NASDAQ:PS)

Riverbridge Partners LLC boosted its stake in Pluralsight Inc (NASDAQ:PS) by 63.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,051,477 shares of the company’s stock after purchasing an additional 1,572,309 shares during the period. Riverbridge Partners LLC’s holdings in Pluralsight were worth $68,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Pluralsight in the third quarter valued at $182,000. Macquarie Group Ltd. acquired a new stake in Pluralsight in the second quarter valued at $506,000. River & Mercantile Asset Management LLP acquired a new stake in Pluralsight in the second quarter valued at $4,122,000. Harbourvest Partners LLC bought a new stake in Pluralsight during the second quarter valued at $3,416,000. Finally, Atria Investments LLC bought a new stake in Pluralsight during the second quarter valued at $854,000. Institutional investors and hedge funds own 78.52% of the company’s stock.

A number of analysts have commented on PS shares. Berenberg Bank started coverage on shares of Pluralsight in a research report on Wednesday, September 18th. They set a “buy” rating and a $24.00 price target on the stock. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Citigroup cut their price target on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Raymond James cut their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, SunTrust Banks cut their price target on shares of Pluralsight to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Pluralsight has a consensus rating of “Buy” and a consensus target price of $27.60.

Shares of PS opened at $16.39 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $2.21 billion, a P/E ratio of -11.22 and a beta of 2.29. The firm’s fifty day simple moving average is $16.40 and its two-hundred day simple moving average is $26.37. Pluralsight Inc has a 12 month low of $14.84 and a 12 month high of $35.70.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate 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 business’s revenue was up 41.6% compared to the same quarter last year. During the same period last year, the company posted ($0.21) EPS. As a group, research analysts predict that Pluralsight Inc will post -1.02 EPS for the current fiscal year.

In other news, insider Nate Walkingshaw sold 3,852 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $29.73, for a total transaction of $114,519.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy I. Maudlin acquired 30,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $16.58 per share, for a total transaction of $497,400.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 74,600 shares of company stock worth $1,262,906 and have sold 112,995 shares worth $3,146,014. 23.19% of the stock is owned by corporate insiders.

Pluralsight Company Profile

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: Basic Economics

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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