Citadel Advisors LLC purchased a new stake in Pluralsight Inc (NASDAQ:PS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 83,304 shares of the company’s stock, valued at approximately $2,037,000. Citadel Advisors LLC owned 0.06% of Pluralsight as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Insight Holdings Group LLC acquired a new position in shares of Pluralsight during the second quarter worth approximately $1,091,606,000. FMR LLC acquired a new position in shares of Pluralsight during the second quarter worth approximately $76,849,000. BlackRock Inc. acquired a new position in shares of Pluralsight during the second quarter worth approximately $29,166,000. Massachusetts Financial Services Co. MA bought a new stake in Pluralsight during the second quarter worth $17,519,000. Finally, Wasatch Advisors Inc. bought a new stake in Pluralsight during the second quarter worth $12,240,000. 50.50% of the stock is currently owned by hedge funds and other institutional investors.
PS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Pluralsight to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Morgan Stanley upgraded Pluralsight from an “equal” rating to a “weight” rating in a report on Thursday, August 2nd. Barclays began coverage on Pluralsight in a research note on Monday, June 11th. They issued an “overweight” rating and a $30.00 price objective for the company. Bank of America upped their price objective on Pluralsight from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Finally, Needham & Company LLC began coverage on Pluralsight in a research note on Monday, June 11th. They issued a “buy” rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Pluralsight presently has a consensus rating of “Buy” and a consensus target price of $38.00.
Shares of NASDAQ:PS opened at $35.35 on Friday. Pluralsight Inc has a 1 year low of $19.25 and a 1 year high of $36.44.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.07. The business had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.83 million. The business’s revenue was up 37.8% on a year-over-year basis. equities analysts anticipate that Pluralsight Inc will post -0.94 EPS for the current fiscal year.
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.
Read More: Book Value Per Share – BVPS
Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.