Insider Selling: PROS Holdings, Inc. (NYSE:PRO) Director Sells 2,406 Shares of Stock

PROS Holdings, Inc. (NYSE:PRO) Director Timothy V. Williams sold 2,406 shares of the business’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $43.72, for a total value of $105,190.32. Following the transaction, the director now owns 116,198 shares in the company, valued at $5,080,176.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of PRO stock traded down $0.33 during mid-day trading on Monday, hitting $42.65. 169,387 shares of the stock were exchanged, compared to its average volume of 288,312. PROS Holdings, Inc. has a 52-week low of $24.55 and a 52-week high of $51.83. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.89 billion, a PE ratio of -24.17 and a beta of 1.92. The firm has a fifty day moving average of $44.72 and a 200 day moving average of $43.50.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, February 4th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.15. The company had revenue of $60.86 million for the quarter, compared to the consensus estimate of $59.34 million. PROS had a negative return on equity of 38.36% and a negative net margin of 29.53%. Equities analysts predict that PROS Holdings, Inc. will post -1.21 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in PROS by 9.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 419,100 shares of the software maker’s stock valued at $17,812,000 after purchasing an additional 35,500 shares in the last quarter. Comerica Bank raised its holdings in shares of PROS by 5.9% during the 1st quarter. Comerica Bank now owns 176,128 shares of the software maker’s stock worth $8,040,000 after acquiring an additional 9,853 shares during the period. Icon Wealth Partners LLC increased its position in PROS by 28.0% during the first quarter. Icon Wealth Partners LLC now owns 13,115 shares of the software maker’s stock worth $557,000 after purchasing an additional 2,867 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in PROS by 1.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,421,970 shares of the software maker’s stock valued at $102,934,000 after purchasing an additional 26,979 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of PROS during the 1st quarter worth approximately $407,000.

Several brokerages have weighed in on PRO. Zacks Investment Research raised PROS from a “sell” rating to a “hold” rating in a report on Saturday, April 3rd. Morgan Stanley lowered their price target on PROS from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $43.33.

About PROS

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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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