Insider Selling: PROS Holdings, Inc. (PRO) Director Sells 250,000 Shares of Stock

PROS Holdings, Inc. (NYSE:PRO) Director Ronald F. Woestemeyer sold 250,000 shares of PROS stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $31.00, for a total value of $7,750,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of PROS Holdings, Inc. (NYSE:PRO) traded up $0.37 on Wednesday, reaching $31.14. The company’s stock had a trading volume of 265,281 shares, compared to its average volume of 256,759. The company has a debt-to-equity ratio of -5.94, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $993.58, a P/E ratio of -12.66 and a beta of 1.42. PROS Holdings, Inc. has a 52 week low of $21.36 and a 52 week high of $33.20.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The business had revenue of $46.34 million during the quarter, compared to analyst estimates of $44.68 million. The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. research analysts anticipate that PROS Holdings, Inc. will post -1.27 earnings per share for the current year.

PRO has been the subject of several research reports. ValuEngine downgraded PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded PROS from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Needham & Company LLC upgraded PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Monday, December 11th. Finally, DA Davidson initiated coverage on PROS in a research report on Friday, February 2nd. They set a “neutral” rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.00.

A number of institutional investors and hedge funds have recently modified their holdings of PRO. FMR LLC acquired a new position in PROS in the 2nd quarter valued at $13,853,000. Riverbridge Partners LLC raised its holdings in PROS by 20.2% in the 3rd quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock valued at $62,889,000 after acquiring an additional 437,522 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in PROS by 16.6% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock valued at $65,219,000 after acquiring an additional 385,329 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in PROS by 15.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,927,134 shares of the software maker’s stock valued at $50,973,000 after acquiring an additional 262,888 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in PROS by 49.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 791,907 shares of the software maker’s stock valued at $20,946,000 after acquiring an additional 261,029 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

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About PROS

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.

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

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