Andres Reiner Sells 10,000 Shares of PROS Holdings, Inc. (PRO) Stock

PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.37, for a total transaction of $313,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andres Reiner also recently made the following trade(s):

  • On Tuesday, October 16th, Andres Reiner sold 10,000 shares of PROS stock. The shares were sold at an average price of $32.21, for a total transaction of $322,100.00.
  • On Monday, September 10th, Andres Reiner sold 10,000 shares of PROS stock. The shares were sold at an average price of $39.03, for a total transaction of $390,300.00.

Shares of NYSE:PRO traded up $0.35 during midday trading on Tuesday, hitting $30.72. The stock had a trading volume of 143,400 shares, compared to its average volume of 244,578. The stock has a market capitalization of $1.18 billion, a PE ratio of -20.08 and a beta of 1.21. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 3.53. PROS Holdings, Inc. has a fifty-two week low of $23.67 and a fifty-two week high of $41.10.

PROS (NYSE:PRO) last issued its earnings results on Thursday, October 25th. The software maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. The firm had revenue of $49.08 million during the quarter, compared to analyst estimates of $47.94 million. On average, research analysts predict that PROS Holdings, Inc. will post -1.19 EPS for the current fiscal year.

Several brokerages have recently commented on PRO. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research report on Friday, November 2nd. Nomura dropped their target price on shares of PROS from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Northland Securities restated a “buy” rating and issued a $45.00 target price on shares of PROS in a research report on Friday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, KeyCorp restated a “buy” rating and issued a $45.00 target price on shares of PROS in a research report on Friday, July 27th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. PROS has an average rating of “Buy” and an average target price of $41.50.

Several institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA grew its holdings in shares of PROS by 40.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,686,400 shares of the software maker’s stock valued at $94,078,000 after purchasing an additional 775,909 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of PROS by 13.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,262,831 shares of the software maker’s stock valued at $79,244,000 after purchasing an additional 272,260 shares during the last quarter. BlackRock Inc. grew its holdings in shares of PROS by 19.8% during the 3rd quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock valued at $77,837,000 after purchasing an additional 366,708 shares during the last quarter. FMR LLC grew its holdings in shares of PROS by 21.2% during the 3rd quarter. FMR LLC now owns 905,935 shares of the software maker’s stock valued at $31,726,000 after purchasing an additional 158,300 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of PROS by 0.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 875,426 shares of the software maker’s stock valued at $30,657,000 after purchasing an additional 2,345 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors.

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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.

Further Reading: How can you know how many shares are floating?

Insider Buying and Selling by Quarter for PROS (NYSE:PRO)

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