Public Employees Retirement System of Ohio Increases Stake in Pluralsight Inc (NASDAQ:PS)

Public Employees Retirement System of Ohio increased its holdings in shares of Pluralsight Inc (NASDAQ:PS) by 106.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,241 shares of the company’s stock after buying an additional 63,149 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of Pluralsight worth $3,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PS. BNP Paribas Arbitrage SA increased its stake in Pluralsight by 151.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,830 shares of the company’s stock worth $90,000 after buying an additional 1,703 shares during the period. Bank of Montreal Can increased its stake in Pluralsight by 32.6% during the 1st quarter. Bank of Montreal Can now owns 7,719 shares of the company’s stock worth $245,000 after buying an additional 1,898 shares during the period. SG Americas Securities LLC purchased a new stake in Pluralsight during the 1st quarter worth approximately $832,000. Rhumbline Advisers increased its stake in Pluralsight by 96.7% during the 1st quarter. Rhumbline Advisers now owns 44,670 shares of the company’s stock worth $1,418,000 after buying an additional 21,961 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of 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 valued at $631,000 after purchasing an additional 8,100 shares during the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:PS traded down $0.41 during trading hours on Friday, reaching $16.85. 2,285,926 shares of the company’s stock were exchanged, compared to its average volume of 2,277,063. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -11.54 and a beta of 2.29. The company has a 50-day moving average of $18.32 and a 200 day moving average of $28.30. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. Pluralsight Inc has a 1-year low of $14.84 and a 1-year high of $37.36.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.04). The business had revenue of $75.90 million for the quarter, compared to analyst estimates of $73.87 million. Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. Research analysts forecast that Pluralsight Inc will post -1.02 EPS for the current fiscal year.

PS has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup dropped their price objective on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Raymond James dropped their price objective on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Barrington Research reissued a “buy” rating on shares of Pluralsight in a research report on Thursday. Finally, Needham & Company LLC dropped their price objective on shares of Pluralsight to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Pluralsight presently has an average rating of “Buy” and a consensus price target of $28.05.

In other news, CEO Aaron Skonnard sold 84,594 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.47, for a total value of $2,577,579.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nate Walkingshaw sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $19.05, for a total transaction of $190,500.00. Following the completion of the sale, the insider now owns 211,039 shares of the company’s stock, valued at approximately $4,020,292.95. The disclosure for this sale can be found here. Insiders sold a total of 146,426 shares of company stock valued at $4,177,217 in the last 90 days. Company insiders own 23.19% of the company’s stock.

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.

Further Reading: Are sell-side analysts objective?

Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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