Insider Selling: PROS Holdings, Inc. (PRO) Director Sells $7,750,000.00 in Stock

PROS Holdings, Inc. (NYSE:PRO) Director Ronald F. Woestemeyer sold 250,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $31.00, for a total transaction of $7,750,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of PROS Holdings, Inc. (NYSE PRO) opened at $32.48 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94. The company has a market cap of $994.59, a P/E ratio of -13.15 and a beta of 1.42. PROS Holdings, Inc. has a fifty-two week low of $21.36 and a fifty-two week high of $33.20.

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

Several brokerages have commented on PRO. DA Davidson began coverage on shares of PROS in a report on Friday, February 2nd. They issued a “neutral” rating and a $28.00 target price for the company. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of PROS in a report on Tuesday, October 24th. Finally, ValuEngine cut shares of PROS from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. PROS has a consensus rating of “Hold” and an average price target of $31.00.

Several hedge funds have recently bought and sold shares of the stock. DF Dent & Co. Inc. boosted its holdings in shares of PROS by 7.5% during the fourth quarter. DF Dent & Co. Inc. now owns 2,905,073 shares of the software maker’s stock worth $76,839,000 after purchasing an additional 202,273 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of PROS by 20.2% during the third quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock worth $62,889,000 after purchasing an additional 437,522 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of PROS by 15.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,927,134 shares of the software maker’s stock worth $50,973,000 after purchasing an additional 262,888 shares during the period. BlackRock Inc. boosted its holdings in shares of PROS by 1.3% during the fourth quarter. BlackRock Inc. now owns 1,714,104 shares of the software maker’s stock worth $45,339,000 after purchasing an additional 21,518 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of PROS by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,247,134 shares of the software maker’s stock worth $34,158,000 after purchasing an additional 43,377 shares during the period. Institutional investors and hedge funds own 94.34% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/17/insider-selling-pros-holdings-inc-pro-director-sells-7750000-00-in-stock.html.

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)

Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply