Citadel Advisors LLC Invests $2.04 Million in Pluralsight Inc (NASDAQ:PS)

Citadel Advisors LLC bought a new stake in shares of Pluralsight Inc (NASDAQ:PS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 83,304 shares of the company’s stock, valued at approximately $2,037,000. Citadel Advisors LLC owned about 0.06% of Pluralsight as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Insight Holdings Group LLC acquired a new stake in shares of Pluralsight during the second quarter worth about $1,091,606,000. Riverhead Capital Management LLC acquired a new position in Pluralsight in the second quarter valued at approximately $1,528,000. Pier Capital LLC acquired a new position in Pluralsight in the second quarter valued at approximately $7,198,000. Massachusetts Financial Services Co. MA acquired a new position in Pluralsight in the second quarter valued at approximately $17,519,000. Finally, Spark Investment Management LLC acquired a new position in Pluralsight in the second quarter valued at approximately $481,000. Institutional investors own 50.51% of the company’s stock.

PS traded up $0.67 during mid-day trading on Friday, hitting $36.72. 448,923 shares of the stock were exchanged, compared to its average volume of 531,003. Pluralsight Inc has a 1-year low of $19.25 and a 1-year high of $38.37.

Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.07. The firm had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.83 million. Pluralsight’s revenue for the quarter was up 37.8% on a year-over-year basis. equities analysts forecast that Pluralsight Inc will post -0.94 earnings per share for the current year.

PS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on Pluralsight in a research report on Monday, June 11th. They issued an “overweight” rating and a $33.00 price objective for the company. Barclays began coverage on Pluralsight in a report on Monday, June 11th. They issued an “overweight” rating and a $30.00 target price for the company. First Analysis began coverage on Pluralsight in a report on Monday, June 11th. They issued an “overweight” rating and a $33.00 target price for the company. Needham & Company LLC started coverage on Pluralsight in a report on Monday, June 11th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Bank of America started coverage on Pluralsight in a research note on Monday, June 11th. They issued a “neutral” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Pluralsight has a consensus rating of “Buy” and a consensus target price of $38.00.

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.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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