PROS (NYSE:PRO) CEO Andres Reiner Sells 15,000 Shares

PROS (NYSE:PRO) CEO Andres Reiner sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $33.52, for a total transaction of $502,800.00. Following the transaction, the chief executive officer now owns 470,074 shares of the company’s stock, valued at $15,756,880.48. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Wednesday, March 14th, Andres Reiner sold 15,000 shares of PROS stock. The stock was sold at an average price of $32.99, for a total transaction of $494,850.00.
  • On Wednesday, February 14th, Andres Reiner sold 20,000 shares of PROS stock. The stock was sold at an average price of $30.78, for a total transaction of $615,600.00.

Shares of NYSE:PRO traded up $0.04 during trading on Tuesday, reaching $33.39. The stock had a trading volume of 207,400 shares, compared to its average volume of 236,906. The company has a debt-to-equity ratio of -4.24, a quick ratio of 1.85 and a current ratio of 1.85. PROS has a 52 week low of $32.82 and a 52 week high of $33.34. The firm has a market cap of $1.11 billion, a P/E ratio of -21.80 and a beta of 1.23.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. The firm had revenue of $47.91 million during the quarter, compared to the consensus estimate of $46.06 million. During the same period in the prior year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. sell-side analysts anticipate that PROS will post -1.34 earnings per share for the current year.

A number of research firms have weighed in on PRO. DA Davidson began coverage on shares of PROS in a report on Friday, February 2nd. They set a “neutral” rating and a $28.00 target price on the stock. Zacks Investment Research lowered shares of PROS from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Needham & Company LLC boosted their target price on shares of PROS to $40.00 and gave the stock a “strong-buy” rating in a report on Monday, March 5th. ValuEngine raised shares of PROS from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, KeyCorp began coverage on shares of PROS in a report on Tuesday, May 8th. They set an “overweight” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. PROS presently has a consensus rating of “Buy” and a consensus price target of $33.43.

Several large investors have recently bought and sold shares of PRO. Rockefeller Capital Management L.P. bought a new stake in shares of PROS in the 1st quarter valued at $29,906,000. Whale Rock Capital Management LLC bought a new stake in shares of PROS in the 4th quarter valued at $16,094,000. Conestoga Capital Advisors LLC boosted its stake in 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 acquiring an additional 262,888 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in PROS by 49.2% during the fourth quarter. Kennedy Capital Management Inc. now owns 791,907 shares of the software maker’s stock worth $20,946,000 after acquiring an additional 261,029 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in PROS by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 836,510 shares of the software maker’s stock worth $22,126,000 after acquiring an additional 235,463 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.

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

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