Pluralsight Inc (NASDAQ:PS) Holdings Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Pluralsight Inc (NASDAQ:PS) by 79.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,708,335 shares of the company’s stock after buying an additional 758,614 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 1.22% of Pluralsight worth $51,797,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PS. FIL Ltd purchased a new stake in Pluralsight in the 1st quarter worth approximately $94,480,000. First Trust Advisors LP raised its holdings in shares of Pluralsight by 2,507.4% during the 2nd quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock valued at $85,795,000 after purchasing an additional 2,721,132 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Pluralsight by 87.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock valued at $129,137,000 after purchasing an additional 1,899,315 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pluralsight by 152.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock valued at $86,358,000 after purchasing an additional 1,642,071 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Pluralsight by 31.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock valued at $197,164,000 after purchasing an additional 1,558,996 shares in the last quarter. Institutional investors own 78.52% of the company’s stock.

In related news, insider Nate Walkingshaw sold 3,852 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $31.12, for a total value of $119,874.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary L. Crittenden bought 14,600 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $17.11 per share, for a total transaction of $249,806.00. Over the last quarter, insiders purchased 74,600 shares of company stock worth $1,262,906 and sold 146,426 shares worth $4,177,217. Company insiders own 23.19% of the company’s stock.

NASDAQ:PS traded up $0.18 during midday trading on Friday, reaching $18.23. The stock had a trading volume of 1,798,126 shares, compared to its average volume of 2,190,910. Pluralsight Inc has a 1-year low of $14.84 and a 1-year high of $35.70. The firm’s fifty day simple moving average is $16.48 and its 200-day simple moving average is $27.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82.

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

A number of research analysts have recently weighed in on PS shares. SunTrust Banks cut their price target on shares of Pluralsight to $27.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Needham & Company LLC cut their price target on shares of Pluralsight to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. KeyCorp cut their price target on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, Raymond James cut their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Pluralsight presently has an average rating of “Buy” and an average target price of $27.60.

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.

Read More: How to trade the most active stocks

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)

Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.