BBR Partners LLC reduced its position in shares of Pluralsight Inc (NASDAQ:PS) by 98.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 19,750 shares of the company’s stock after selling 1,820,910 shares during the quarter. BBR Partners LLC’s holdings in Pluralsight were worth $627,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new position in Pluralsight in the 4th quarter valued at approximately $203,041,000. Riverbridge Partners LLC acquired a new position in Pluralsight during the first quarter worth $72,669,000. TimesSquare Capital Management LLC raised its holdings in shares of Pluralsight by 87.6% in the first quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock valued at $129,137,000 after purchasing an additional 1,899,315 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pluralsight by 152.2% in the first quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock valued at $86,358,000 after purchasing an additional 1,642,071 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Pluralsight by 3,747.0% during the first quarter. Wells Fargo & Company MN now owns 1,322,146 shares of the company’s stock worth $41,965,000 after buying an additional 1,287,778 shares during the last quarter. Institutional investors own 77.21% of the company’s stock.
In other news, CEO Aaron Skonnard sold 133,395 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.71, for a total transaction of $4,496,745.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nate Walkingshaw sold 3,852 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $33.42, for a total transaction of $128,733.84. The disclosure for this sale can be found here. Insiders sold 173,531 shares of company stock valued at $5,788,397 in the last three months. Company insiders own 23.19% of the company’s stock.
NASDAQ:PS traded down $0.30 during trading hours on Wednesday, hitting $29.07. 1,807,482 shares of the stock traded hands, compared to its average volume of 1,708,651. The business’s 50 day simple moving average is $32.10. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.68. Pluralsight Inc has a fifty-two week low of $17.88 and a fifty-two week high of $38.37. The firm has a market capitalization of $4.09 billion and a price-to-earnings ratio of -19.91.
Pluralsight (NASDAQ:PS) last posted its quarterly 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 net margin of 31.50% and a negative return on equity of 51.53%. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. Equities analysts anticipate that Pluralsight Inc will post -0.98 EPS for the current fiscal year.
A number of brokerages have weighed in on PS. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price (up previously from $38.00) on shares of Pluralsight in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of Pluralsight from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, Citigroup started coverage on Pluralsight in a research note on Tuesday, May 14th. They issued a “buy” rating and a $42.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Pluralsight has a consensus rating of “Buy” and a consensus price target of $37.49.
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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