Russell Investments Group Ltd. Takes $4.66 Million Position in Pluralsight Inc (NASDAQ:PS)

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Russell Investments Group Ltd. bought a new stake in shares of Pluralsight Inc (NASDAQ:PS) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 153,654 shares of the company’s stock, valued at approximately $4,659,000.

Several other large investors have also recently bought and sold shares of PS. BNP Paribas Arbitrage SA increased its holdings in shares of Pluralsight by 151.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,830 shares of the company’s stock valued at $90,000 after purchasing an additional 1,703 shares in the last quarter. Bank of Montreal Can increased its holdings in Pluralsight by 32.6% in the 1st quarter. Bank of Montreal Can now owns 7,719 shares of the company’s stock worth $245,000 after acquiring an additional 1,898 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Pluralsight in the 1st quarter worth $832,000. Rhumbline Advisers increased its holdings in Pluralsight by 96.7% in the 1st quarter. Rhumbline Advisers now owns 44,670 shares of the company’s stock worth $1,418,000 after acquiring an additional 21,961 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Pluralsight by 68.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,889 shares of the company’s stock worth $631,000 after acquiring an additional 8,100 shares in the last quarter. 78.52% of the stock is owned by hedge funds and other institutional investors.

In other Pluralsight news, CEO Aaron Skonnard sold 84,594 shares of Pluralsight stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.47, for a total transaction of $2,577,579.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nate Walkingshaw sold 29,579 shares of Pluralsight stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $30.81, for a total transaction of $911,328.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,426 shares of company stock worth $4,177,217. 23.19% of the stock is currently owned by corporate insiders.

NASDAQ PS traded down $0.41 on Friday, hitting $16.85. The company had a trading volume of 2,285,926 shares, compared to its average volume of 2,277,063. The company’s fifty day moving average price is $18.32 and its 200-day moving average price is $28.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.82 and a quick ratio of 2.82. Pluralsight Inc has a 12-month low of $14.84 and a 12-month high of $37.36.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analyst estimates of $73.87 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. As a group, research analysts predict that Pluralsight Inc will post -1.02 EPS for the current fiscal year.

PS has been the subject of several recent analyst reports. KeyCorp cut their price target on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James cut their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Barrington Research reissued a “buy” rating on shares of Pluralsight in a report on Thursday. Finally, Bank of America cut their price target on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.05.

Pluralsight Company Profile

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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Want to see what other hedge funds are holding PS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pluralsight Inc (NASDAQ:PS).

Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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