Fmr LLC Invests $76.85 Million in Pluralsight Inc (PS)

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FMR LLC purchased a new position in shares of Pluralsight Inc (NASDAQ:PS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,143,108 shares of the company’s stock, valued at approximately $76,849,000. FMR LLC owned 2.33% of Pluralsight as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of PS. Insight Holdings Group LLC acquired a new position in shares of Pluralsight during the second quarter worth $1,091,606,000. BlackRock Inc. acquired a new position in shares of Pluralsight during the second quarter worth $29,166,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Pluralsight during the second quarter worth $17,519,000. Wasatch Advisors Inc. acquired a new position in shares of Pluralsight during the second quarter worth $12,240,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Pluralsight during the second quarter worth $11,141,000. Institutional investors own 50.51% of the company’s stock.

Several research firms recently issued reports on PS. First Analysis restated a “positive” rating and issued a $45.00 target price on shares of Pluralsight in a report on Friday, September 7th. SunTrust Banks boosted their target price on shares of Pluralsight to $40.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Bank of America boosted their target price on shares of Pluralsight from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Pluralsight to $44.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Finally, Barclays boosted their target price on shares of Pluralsight from $31.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $38.00.

Shares of NASDAQ PS traded up $1.10 during trading on Friday, hitting $24.12. 434,420 shares of the company traded hands, compared to its average volume of 674,238. Pluralsight Inc has a fifty-two week low of $19.25 and a fifty-two week high of $38.37.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, August 1st. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.07. The company had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.83 million. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. Equities analysts anticipate that Pluralsight Inc will post -0.94 EPS for the current year.

About Pluralsight

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.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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