Nate Walkingshaw Sells 5,000 Shares of Pluralsight Inc (NASDAQ:PS) Stock

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Pluralsight Inc (NASDAQ:PS) insider Nate Walkingshaw sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.32, for a total value of $81,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NASDAQ:PS traded down $0.34 during midday trading on Thursday, hitting $16.01. The company had a trading volume of 82,490 shares, compared to its average volume of 1,836,630. Pluralsight Inc has a 12-month low of $14.84 and a 12-month high of $35.70. The company has a fifty day moving average of $17.43 and a two-hundred day moving average of $22.40. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -10.97 and a beta of 2.22. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.35 and a quick ratio of 2.35.

Pluralsight (NASDAQ:PS) last released its earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Pluralsight had a negative return on equity of 46.91% and a negative net margin of 32.59%. The company had revenue of $82.60 million for the quarter, compared to the consensus estimate of $79.83 million. During the same period in the previous year, the business earned ($0.10) earnings per share. Pluralsight’s quarterly revenue was up 34.1% compared to the same quarter last year. Research analysts expect that Pluralsight Inc will post -1.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PS. Advisor Group Inc. boosted its position in shares of Pluralsight by 2.8% during the second quarter. Advisor Group Inc. now owns 12,230 shares of the company’s stock worth $371,000 after acquiring an additional 328 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Pluralsight by 46.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock worth $33,000 after buying an additional 620 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Pluralsight by 11.9% in the 2nd quarter. Stephens Inc. AR now owns 7,399 shares of the company’s stock worth $224,000 after buying an additional 788 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Pluralsight by 12.0% in the 2nd quarter. United Services Automobile Association now owns 8,460 shares of the company’s stock worth $257,000 after buying an additional 906 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Pluralsight during the 2nd quarter valued at about $31,000. Institutional investors own 82.23% of the company’s stock.

Several analysts recently commented on PS shares. Barrington Research set a $30.00 price objective on Pluralsight and gave the stock a “buy” rating in a report on Wednesday, October 9th. KeyCorp lowered their target price on Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Bank of America dropped their target price on Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley began coverage on Pluralsight in a research note on Monday, November 25th. They set an “equal weight” rating and a $20.00 price target for the company. Finally, Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.11.

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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