Overview
We maintain our bullish view on Pluralsight (PS), the leading cloud-based solution for technical skills development. The share price has appreciated by over 40% since last September when we covered the stock for the first time. Back then, we had our share of doubts about the management's execution. However, the consistent outperformance in the next few months that followed proved us wrong. The execution has been solid as of Q1, and therefore, we continue to believe in the management's ability to convert the temporary tailwinds the business currently sees, into long-term opportunities.