Progress Software (NASDAQ:PRGS) EVP Sundar Subramanian Sells 1,352 Shares

Progress Software Corporation (NASDAQ:PRGS) EVP Sundar Subramanian sold 1,352 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $42.37, for a total value of $57,284.24. Following the completion of the sale, the executive vice president owned 29,066 shares of the company’s stock, valued at $1,231,526.42. This represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Progress Software Stock Up 1.1%

Shares of Progress Software stock traded up $0.46 on Monday, reaching $42.89. 1,057,174 shares of the company were exchanged, compared to its average volume of 919,167. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.18. The company has a 50-day moving average of $42.27 and a 200 day moving average of $44.07. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.86 and a beta of 0.61. Progress Software Corporation has a one year low of $38.54 and a one year high of $65.50.

Progress Software (NASDAQ:PRGS) last announced its earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.86 million. Progress Software had a net margin of 7.48% and a return on equity of 43.90%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. On average, equities research analysts forecast that Progress Software Corporation will post 4.01 earnings per share for the current year.

Institutional Trading of Progress Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DLD Asset Management LP grew its position in Progress Software by 31.5% during the 2nd quarter. DLD Asset Management LP now owns 43,000,000 shares of the software maker’s stock worth $2,745,120,000 after purchasing an additional 10,300,000 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Progress Software by 8.6% during the 3rd quarter. Boston Trust Walden Corp now owns 1,950,676 shares of the software maker’s stock valued at $85,693,000 after acquiring an additional 153,957 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Progress Software by 26.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,178,716 shares of the software maker’s stock valued at $53,302,000 after purchasing an additional 243,950 shares during the period. Dimensional Fund Advisors LP increased its holdings in Progress Software by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,139,309 shares of the software maker’s stock worth $50,044,000 after acquiring an additional 20,669 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Progress Software by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,067,462 shares of the software maker’s stock valued at $68,155,000 after acquiring an additional 5,187 shares in the last quarter.

Analysts Set New Price Targets

PRGS has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, January 5th. Wall Street Zen raised shares of Progress Software from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Wedbush cut their price objective on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday. Citigroup increased their price objective on shares of Progress Software from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Finally, DA Davidson dropped their price objective on Progress Software from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Progress Software presently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

About Progress Software

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.