PROS Holdings, Inc. (NYSE:PRO) CEO Sells $305,156.40 in Stock

PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 9,332 shares of the company’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of $32.70, for a total value of $305,156.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PRO opened at $29.20 on Friday. The stock’s 50-day moving average price is $34.61 and its 200 day moving average price is $38.67. PROS Holdings, Inc. has a 12-month low of $23.08 and a 12-month high of $50.90. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 16.05. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -16.98 and a beta of 1.55.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, November 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.09. PROS had a negative return on equity of 123.71% and a negative net margin of 30.64%. The company had revenue of $62.67 million for the quarter, compared to the consensus estimate of $62.33 million. During the same quarter in the prior year, the business earned ($0.30) EPS. On average, research analysts forecast that PROS Holdings, Inc. will post -1.46 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in PROS by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,843,925 shares of the software maker’s stock worth $175,167,000 after purchasing an additional 49,413 shares during the period. RGM Capital LLC increased its holdings in PROS by 14.9% during the 2nd quarter. RGM Capital LLC now owns 2,498,953 shares of the software maker’s stock worth $113,877,000 after purchasing an additional 324,407 shares during the period. Tremblant Capital Group increased its holdings in PROS by 1.5% during the 3rd quarter. Tremblant Capital Group now owns 1,772,930 shares of the software maker’s stock worth $62,904,000 after purchasing an additional 25,364 shares during the period. Stephens Investment Management Group LLC increased its holdings in PROS by 4.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,154,591 shares of the software maker’s stock worth $40,965,000 after purchasing an additional 53,664 shares during the period. Finally, State Street Corp increased its holdings in PROS by 4.4% during the 2nd quarter. State Street Corp now owns 850,132 shares of the software maker’s stock worth $38,741,000 after purchasing an additional 35,710 shares during the period. Institutional investors own 99.11% of the company’s stock.

PRO has been the topic of several research reports. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, January 6th. JPMorgan Chase & Co. raised PROS from an “underweight” rating to a “neutral” rating and set a $37.00 target price on the stock in a research note on Tuesday, December 14th.

PROS Company Profile

PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.

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