Insider Selling: PROS Holdings, Inc. (NYSE:PRO) CEO Sells 83,985 Shares of Stock

PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 83,985 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $47.00, for a total transaction of $3,947,295.00. Following the completion of the sale, the chief executive officer now directly owns 947,835 shares in the company, valued at $44,548,245. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andres Reiner also recently made the following trade(s):

  • On Tuesday, January 5th, Andres Reiner sold 9,450 shares of PROS stock. The stock was sold at an average price of $49.57, for a total transaction of $468,436.50.

Shares of PRO traded down $0.19 during mid-day trading on Wednesday, reaching $47.15. 239,046 shares of the stock traded hands, compared to its average volume of 382,587. PROS Holdings, Inc. has a 12-month low of $19.73 and a 12-month high of $68.81. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -26.79 and a beta of 1.54. The stock has a fifty day simple moving average of $47.33 and a 200 day simple moving average of $39.40.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, October 29th. The software maker reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. PROS had a negative net margin of 28.65% and a negative return on equity of 33.57%. The business had revenue of $61.50 million during the quarter, compared to the consensus estimate of $60.01 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts expect that PROS Holdings, Inc. will post -1.23 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in PROS in the second quarter worth $27,000. Nisa Investment Advisors LLC raised its holdings in shares of PROS by 230.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the software maker’s stock worth $53,000 after buying an additional 1,150 shares in the last quarter. Equitec Specialists LLC acquired a new position in shares of PROS during the 3rd quarter worth $80,000. Point72 Asset Management L.P. acquired a new position in shares of PROS during the 2nd quarter worth $124,000. Finally, Stephens Inc. AR raised its holdings in shares of PROS by 23.2% during the 2nd quarter. Stephens Inc. AR now owns 2,993 shares of the software maker’s stock worth $133,000 after buying an additional 563 shares in the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.

PRO has been the topic of several research reports. Northland Securities raised their price target on shares of PROS from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, December 17th. Royal Bank of Canada lowered shares of PROS from an “outperform” rating to a “sector perform” rating and set a $33.00 price target on the stock. in a report on Friday, October 30th. Finally, Zacks Investment Research lowered shares of PROS from a “hold” rating to a “sell” rating in a report on Wednesday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.50.

PROS Company Profile

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business and business-to-consumer companies. The company offers PROS Smart CPQ, a tool for sales teams and partners to respond to customer quotes; and PROS Opportunity Detection that increases sales effectiveness and productivity by uncovering sales opportunities in existing accounts for sales teams.

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Insider Buying and Selling by Quarter for PROS (NYSE:PRO)

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