PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook Sells 5,000 Shares of Stock

PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook sold 5,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PROS Stock Performance

PRO opened at $27.10 on Wednesday. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $38.71. The firm has a market cap of $1.28 billion, a P/E ratio of -61.59 and a beta of 1.22. The business’s fifty day moving average is $23.47 and its 200-day moving average is $21.25.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, research analysts predict that PROS Holdings, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PRO has been the topic of a number of research reports. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Stifel Nicolaus increased their price objective on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Robert W. Baird lifted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PROS presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new position in PROS during the third quarter worth about $17,921,000. Tensile Capital Management LP grew its holdings in shares of PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after purchasing an additional 915,990 shares during the last quarter. Algert Global LLC acquired a new position in PROS during the 3rd quarter worth approximately $6,713,000. JPMorgan Chase & Co. lifted its stake in PROS by 570.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after purchasing an additional 338,158 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in PROS in the fourth quarter valued at approximately $6,447,000. 94.27% of the stock is owned by institutional investors.

About PROS

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.