We are investigating Pluralsight, Inc. (PS) (“Pluralsight” or the “Company”) for potential violations of the federal securities laws.
On July 31, 2019, post-market, Pluralsight announced disappointing financial results for the second quarter ended June 30, 2019, and that its billings growth rate had sharply deteriorated from over 40% to just 23% year-over-year. Pluralsight blamed its declining growth in billings on sales execution challenges and other issues with its salesforce. Pluralsight also disclosed the resignation of its Chief Revenue Officer. Following these disclosures, Pluralsight’s stock price fell $12.13 per share, or 39.52%, to close at $18.56 on August 1, 2019.