Insider Buying: Pluralsight Inc (NASDAQ:PS) Director Acquires 14,600 Shares of Stock

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Pluralsight Inc (NASDAQ:PS) Director Gary L. Crittenden bought 14,600 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $17.11 per share, for a total transaction of $249,806.00.

PS traded up $0.14 during midday trading on Tuesday, hitting $17.66. 656,208 shares of the company traded hands, compared to its average volume of 2,260,166. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $2.36 billion, a PE ratio of -12.10 and a beta of 2.31. The company’s 50-day moving average is $17.52 and its 200 day moving average is $28.11. Pluralsight Inc has a 52 week low of $14.84 and a 52 week high of $36.66.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.04). Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $73.87 million. During the same quarter last year, the company earned ($0.21) EPS. Pluralsight’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, sell-side analysts predict that Pluralsight Inc will post -1.02 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Pluralsight in the 2nd quarter worth approximately $31,000. Rehmann Capital Advisory Group bought a new position in shares of Pluralsight in the 1st quarter worth approximately $34,000. Icon Wealth Partners LLC bought a new position in shares of Pluralsight in the 1st quarter worth approximately $34,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Pluralsight by 530.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock worth $50,000 after purchasing an additional 1,384 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Pluralsight in the 2nd quarter worth approximately $83,000. Hedge funds and other institutional investors own 78.52% of the company’s stock.

Several equities analysts have issued reports on PS shares. Bank of America lowered their target price on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. KeyCorp lowered their target price on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Raymond James lowered their target price on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Barrington Research restated a “buy” rating on shares of Pluralsight in a research note on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.05.

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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