Castleark Management LLC Makes New Investment in PROS Holdings, Inc. (NYSE:PRO)

Castleark Management LLC bought a new position in shares of PROS Holdings, Inc. (NYSE:PRO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 188,690 shares of the software maker’s stock, valued at approximately $11,937,000. Castleark Management LLC owned about 0.47% of PROS as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Columbus Circle Investors bought a new position in shares of PROS in the 2nd quarter valued at $6,396,000. Brown Capital Management LLC raised its position in PROS by 15.9% in the second quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock valued at $409,865,000 after purchasing an additional 888,018 shares during the last quarter. Stephens Investment Management Group LLC raised its position in PROS by 0.6% in the second quarter. Stephens Investment Management Group LLC now owns 926,331 shares of the software maker’s stock valued at $58,600,000 after purchasing an additional 5,419 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of PROS by 220.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,972 shares of the software maker’s stock valued at $1,263,000 after purchasing an additional 13,730 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of PROS by 1.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 81,482 shares of the software maker’s stock valued at $5,154,000 after purchasing an additional 1,435 shares in the last quarter. Institutional investors own 98.64% of the company’s stock.

Several research analysts have recently issued reports on PRO shares. Northland Securities upped their price objective on PROS from $55.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC set a $80.00 target price on shares of PROS and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America started coverage on shares of PROS in a research report on Monday, June 17th. They set a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Finally, KeyCorp upped their price target on shares of PROS from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PROS presently has an average rating of “Buy” and a consensus target price of $71.27.



Shares of PRO stock traded up $0.37 on Wednesday, hitting $62.56. The company had a trading volume of 31,683 shares, compared to its average volume of 355,714. PROS Holdings, Inc. has a twelve month low of $28.18 and a twelve month high of $75.39. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $2.53 billion, a P/E ratio of -57.39 and a beta of 1.16. The stock’s 50-day moving average is $70.39 and its two-hundred day moving average is $56.61.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.01. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. The company had revenue of $63.88 million for the quarter, compared to analyst estimates of $61.41 million. During the same period in the previous year, the firm earned ($0.16) earnings per share. The firm’s quarterly revenue was up 34.8% on a year-over-year basis. Equities research analysts predict that PROS Holdings, Inc. will post -0.83 EPS for the current year.

In other news, CEO Andres Reiner sold 25,415 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $70.60, for a total value of $1,794,299.00. Following the sale, the chief executive officer now directly owns 697,072 shares of the company’s stock, valued at approximately $49,213,283.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Thomas Dziersk sold 3,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $72.49, for a total transaction of $217,470.00. Following the sale, the executive vice president now owns 5,357 shares of the company’s stock, valued at $388,328.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 809,388 shares of company stock valued at $58,360,668. Company insiders own 13.70% of the company’s stock.

PROS 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 (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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