Trexquant Investment LP Decreases Holdings in PROS Holdings, Inc. (NYSE:PRO)

Trexquant Investment LP decreased its stake in PROS Holdings, Inc. (NYSE:PRO) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,541 shares of the software maker’s stock after selling 10,232 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of PROS worth $1,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in PROS in the 4th quarter worth about $156,000. Natixis Advisors LLC purchased a new position in shares of PROS in the fourth quarter valued at approximately $237,000. Aigen Investment Management LP acquired a new stake in shares of PROS in the fourth quarter worth approximately $252,000. Quadrature Capital Ltd increased its position in shares of PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in PROS by 14.1% in the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock valued at $277,000 after purchasing an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Stock Up 1.1 %

PRO stock opened at $15.20 on Wednesday. PROS Holdings, Inc. has a 52-week low of $14.36 and a 52-week high of $38.31. The business has a fifty day moving average of $22.71 and a two-hundred day moving average of $22.00. The stock has a market cap of $726.71 million, a price-to-earnings ratio of -34.55 and a beta of 1.04.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PRO shares. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of PROS in a research note on Friday, February 7th. KeyCorp boosted their target price on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Robert W. Baird cut their price target on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PROS currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.63.

Insiders Place Their Bets

In related news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.