Pluralsight Inc (NASDAQ:PS) CFO James Budge sold 1,535 shares of Pluralsight stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $15.72, for a total value of $24,130.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of PS traded down $0.45 during mid-day trading on Friday, hitting $15.55. The company’s stock had a trading volume of 2,457,529 shares, compared to its average volume of 3,793,119. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. The firm has a 50-day simple moving average of $24.35 and a 200 day simple moving average of $29.78. Pluralsight Inc has a 1-year low of $15.31 and a 1-year high of $38.37.

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

PS has been the topic of several analyst reports. SunTrust Banks lowered their target price on Pluralsight to $27.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Raymond James lowered their target price on Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. KeyCorp lowered their target price on Pluralsight from $40.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Needham & Company LLC lowered their target price on Pluralsight to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Barrington Research initiated coverage on Pluralsight in a research note on Monday, July 22nd. They issued an “outperform” rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Pluralsight presently has a consensus rating of “Buy” and a consensus target price of $34.40.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in Pluralsight during the second quarter worth $31,000. Daiwa Securities Group Inc. acquired a new position in Pluralsight during the first quarter worth $33,000. Parallel Advisors LLC acquired a new position in Pluralsight during the first quarter worth $33,000. Icon Wealth Partners LLC acquired a new position in Pluralsight during the first quarter worth $34,000. Finally, Rehmann Capital Advisory Group acquired a new position in Pluralsight during the first quarter worth $34,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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: The primary rules of Elliott Wave theory

Insider Buying and Selling 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.