Ronald F. Woestemeyer Sells 50,000 Shares of PROS Holdings, Inc. (PRO) Stock
PROS Holdings, Inc. (NYSE:PRO) Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of PROS Holdings, Inc. (NYSE:PRO) traded up 0.43% on Friday, reaching $25.62. The company’s stock had a trading volume of 114,004 shares. The stock has a 50-day moving average of $27.84 and a 200 day moving average of $25.75. PROS Holdings, Inc. has a 1-year low of $18.78 and a 1-year high of $30.49. The stock’s market capitalization is $814.41 million.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The company had revenue of $40.40 million for the quarter, compared to analyst estimates of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) earnings per share. On average, equities analysts forecast that PROS Holdings, Inc. will post ($0.86) EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Daruma Capital Management LLC increased its position in PROS Holdings by 2,559.7% in the second quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after buying an additional 1,362,746 shares during the period. FMR LLC acquired a new position in PROS Holdings during the second quarter valued at approximately $13,853,000. DF Dent & Co. Inc. increased its position in PROS Holdings by 15.5% in the first quarter. DF Dent & Co. Inc. now owns 2,336,673 shares of the software maker’s stock valued at $56,524,000 after buying an additional 314,368 shares during the period. Driehaus Capital Management LLC acquired a new position in PROS Holdings during the first quarter valued at approximately $5,103,000. Finally, Stephens Investment Management Group LLC increased its position in PROS Holdings by 53.2% in the first quarter. Stephens Investment Management Group LLC now owns 491,890 shares of the software maker’s stock valued at $11,899,000 after buying an additional 170,770 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.
A number of analysts have weighed in on PRO shares. Deutsche Bank AG raised their price target on PROS Holdings to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Pacific Crest raised their price target on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. Finally, Stifel Nicolaus raised their price target on PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.20.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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