Bank of New York Mellon Corp raised its stake in Pluralsight Inc (NASDAQ:PS) by 38.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 75,489 shares of the company’s stock after acquiring an additional 20,808 shares during the period. Bank of New York Mellon Corp’s holdings in Pluralsight were worth $1,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in Pluralsight during the 4th quarter valued at $203,041,000. BBR Partners LLC acquired a new position in shares of Pluralsight in the fourth quarter worth $43,348,000. BlackRock Inc. increased its stake in shares of Pluralsight by 48.9% in the third quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock worth $56,824,000 after acquiring an additional 582,839 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of Pluralsight in the fourth quarter worth $6,147,000. Finally, Tygh Capital Management Inc. acquired a new position in shares of Pluralsight in the fourth quarter worth $4,396,000. 68.88% of the stock is currently owned by institutional investors.

Separately, Bank of America upped their price target on shares of Pluralsight from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pluralsight presently has a consensus rating of “Buy” and a consensus price target of $35.26.

In related news, insider Nate Walkingshaw sold 3,851 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $32.58, for a total value of $125,465.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $28.37, for a total transaction of $225,348,073.34. The disclosure for this sale can be found here. Insiders sold 9,101,284 shares of company stock worth $258,843,580 over the last ninety days. 23.19% of the stock is currently owned by company insiders.

NASDAQ PS opened at $33.62 on Wednesday. Pluralsight Inc has a 1-year low of $17.88 and a 1-year high of $38.37. The firm has a market capitalization of $4.37 billion and a PE ratio of -23.03.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.14). Pluralsight had a negative return on equity of 246.61% and a negative net margin of 36.06%. The company had revenue of $67.26 million during the quarter, compared to analyst estimates of $65.76 million. During the same period last year, the company posted ($0.53) earnings per share. The company’s revenue was up 41.9% compared to the same quarter last year. Research analysts predict that Pluralsight Inc will post -0.79 EPS for the current fiscal year.

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Pluralsight 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.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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