Ronald F. Woestemeyer Sells 50,000 Shares of PROS Holdings, Inc. (PRO) Stock
PROS Holdings, Inc. (NYSE:PRO) Director Ronald F. Woestemeyer sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of PROS Holdings, Inc. (PRO) opened at 25.62 on Friday. PROS Holdings, Inc. has a 1-year low of $18.99 and a 1-year high of $30.49. The company’s market cap is $814.41 million. The stock has a 50 day moving average of $27.78 and a 200 day moving average of $25.78.
PROS Holdings (NYSE:PRO) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The business had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.48 million. During the same period in the prior year, the business earned ($0.26) EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts predict that PROS Holdings, Inc. will post ($0.86) EPS for the current year.
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Several large investors have recently modified their holdings of PRO. Menta Capital LLC purchased a new stake in shares of PROS Holdings during the first quarter valued at $267,000. Marshall Wace North America L.P. purchased a new stake in shares of PROS Holdings during the first quarter valued at $484,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of PROS Holdings during the first quarter valued at $484,000. Stephens Investment Management Group LLC boosted its stake in shares of PROS Holdings by 53.2% in the first quarter. Stephens Investment Management Group LLC now owns 491,890 shares of the software maker’s stock valued at $11,899,000 after buying an additional 170,770 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of PROS Holdings by 2.8% in the first quarter. Teachers Advisors LLC now owns 42,303 shares of the software maker’s stock valued at $1,023,000 after buying an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.
A number of brokerages have recently issued reports on PRO. Pacific Crest boosted their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, June 29th. ValuEngine upgraded shares of PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG boosted their price target on shares of PROS Holdings to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus boosted their price target on shares of PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.20.
PROS Holdings Company Profile
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.
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