Two Sigma Advisers LP cut its position in shares of Pluralsight Inc (NASDAQ:PS) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,100 shares of the company’s stock after selling 5,600 shares during the period. Two Sigma Advisers LP’s holdings in Pluralsight were worth $520,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. First Mercantile Trust Co. bought a new stake in shares of Pluralsight in the 4th quarter valued at approximately $130,000. Bank of Montreal Can lifted its stake in shares of Pluralsight by 15.8% in the 4th quarter. Bank of Montreal Can now owns 5,821 shares of the company’s stock valued at $137,000 after purchasing an additional 793 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Pluralsight in the 4th quarter valued at approximately $278,000. CIBC Private Wealth Group LLC bought a new stake in shares of Pluralsight in the 4th quarter valued at approximately $319,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Pluralsight by 10,170.0% in the 3rd quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock valued at $329,000 after purchasing an additional 10,170 shares during the last quarter. 68.88% of the stock is owned by institutional investors.
Separately, Bank of America raised their price objective on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $35.26.
In other Pluralsight news, insider Nate Walkingshaw sold 2,644 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $29.66, for a total transaction of $78,421.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Skonnard sold 50,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $29.36, for a total value of $1,468,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,101,284 shares of company stock worth $258,843,580. Company insiders own 23.19% of the company’s stock.
Shares of NASDAQ PS opened at $31.80 on Friday. Pluralsight Inc has a fifty-two week low of $17.88 and a fifty-two week high of $38.37. The company has a market capitalization of $4.37 billion and a PE ratio of -21.78.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.14). Pluralsight had a negative return on equity of 246.61% and a negative net margin of 36.06%. The business had revenue of $67.26 million during the quarter, compared to analysts’ expectations of $65.76 million. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, research analysts anticipate that Pluralsight Inc will post -0.79 EPS for the current year.
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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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