PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Tensile Capital Management LP

Tensile Capital Management LP lowered its stake in PROS Holdings, Inc. (NYSE:PRO) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,005,613 shares of the software maker’s stock after selling 155,688 shares during the quarter. PROS comprises 2.3% of Tensile Capital Management LP’s portfolio, making the stock its 16th largest position. Tensile Capital Management LP owned about 2.13% of PROS worth $22,083,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming lifted its holdings in PROS by 226.5% in the 4th quarter. State of Wyoming now owns 6,850 shares of the software maker’s stock worth $150,000 after buying an additional 4,752 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of PROS in the fourth quarter worth about $2,144,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS in the fourth quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new stake in PROS during the 4th quarter valued at approximately $130,000. Finally, ProShare Advisors LLC purchased a new stake in PROS during the 4th quarter worth approximately $283,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KeyCorp reduced their target price on PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price objective on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Needham & Company LLC dropped their target price on shares of PROS from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. StockNews.com cut shares of PROS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird lowered their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.13.

PROS Stock Performance

NYSE PRO opened at $18.44 on Friday. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87. The company has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $21.65. The firm has a market capitalization of $882.15 million, a PE ratio of -41.90 and a beta of 1.06.

PROS (NYSE:PRO) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. Equities analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

PROS 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.