Insider Selling: PROS Holdings, Inc. (PRO) CEO Sells 10,000 Shares of Stock
PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $35.03, for a total value of $350,300.00. Following the completion of the sale, the chief executive officer now directly owns 475,399 shares in the company, valued at $16,653,226.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Andres Reiner also recently made the following trade(s):
- On Wednesday, April 18th, Andres Reiner sold 15,000 shares of PROS stock. The stock was sold at an average price of $33.52, for a total value of $502,800.00.
PROS traded up $0.19, hitting $36.57, on Thursday, according to Marketbeat. The company had a trading volume of 2,656 shares, compared to its average volume of 241,071. The firm has a market cap of $1.14 billion, a P/E ratio of -24.05 and a beta of 1.25. PROS Holdings, Inc. has a 12-month low of $21.36 and a 12-month high of $36.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of -4.24.
Several brokerages have recently issued reports on PRO. DA Davidson lifted their target price on PROS to $31.00 and gave the stock a “neutral” rating in a report on Friday, May 18th. They noted that the move was a valuation call. Zacks Investment Research raised PROS from a “sell” rating to a “hold” rating in a report on Thursday. Northland Securities raised PROS from a “market perform” rating to an “outperform” rating in a report on Friday, June 1st. Needham & Company LLC lifted their target price on PROS to $40.00 and gave the stock a “strong-buy” rating in a report on Monday, March 5th. Finally, KeyCorp began coverage on PROS in a report on Tuesday, May 8th. They issued an “overweight” rating and a $40.00 target price on the stock. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. PROS presently has a consensus rating of “Buy” and an average target price of $33.86.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRO. ETRADE Capital Management LLC purchased a new position in PROS in the first quarter worth about $222,000. Teacher Retirement System of Texas purchased a new position in PROS in the fourth quarter worth about $250,000. MetLife Investment Advisors LLC purchased a new position in PROS in the fourth quarter worth about $287,000. Balter Liquid Alternatives LLC purchased a new position in PROS in the first quarter worth about $334,000. Finally, Barclays PLC grew its position in PROS by 161.2% in the first quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock worth $364,000 after acquiring an additional 6,819 shares in the last quarter.
PROS Company Profile
PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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