Andres Reiner Sells 24,537 Shares of PROS Holdings, Inc. (NYSE:PRO) Stock

PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 24,537 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $59.69, for a total transaction of $1,464,613.53. Following the transaction, the chief executive officer now owns 697,072 shares of the company’s stock, valued at $41,608,227.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, September 3rd, Andres Reiner sold 25,415 shares of PROS stock. The shares were sold at an average price of $70.60, for a total transaction of $1,794,299.00.
  • On Thursday, August 1st, Andres Reiner sold 25,973 shares of PROS stock. The shares were sold at an average price of $72.26, for a total transaction of $1,876,808.98.

PRO traded up $0.39 on Friday, reaching $59.36. The stock had a trading volume of 17,050 shares, compared to its average volume of 456,706. PROS Holdings, Inc. has a 12-month low of $28.18 and a 12-month high of $75.39. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28. The business’s 50-day moving average price is $65.61 and its two-hundred day moving average price is $58.68. The company has a market cap of $2.35 billion, a P/E ratio of -54.45 and a beta of 1.13.



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

PRO has been the subject of a number of research reports. Zacks Investment Research downgraded shares of PROS from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. KeyCorp boosted their target price 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. ValuEngine cut shares of PROS from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC set a $80.00 price objective on shares of PROS and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Nomura lifted their price objective on shares of PROS from $77.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $71.27.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRO. Strs Ohio purchased a new position in PROS in the second quarter valued at $25,000. SRS Capital Advisors Inc. purchased a new stake in shares of PROS during the second quarter worth about $145,000. Aperio Group LLC purchased a new stake in shares of PROS during the second quarter worth about $168,000. Rational Advisors LLC purchased a new stake in shares of PROS during the second quarter worth about $188,000. Finally, Ibex Investors LLC purchased a new stake in shares of PROS during the second quarter worth about $218,000. 98.64% of the stock is owned by institutional investors.

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

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