PROS Holdings, Inc. (NYSE:PRO) CAO Sells $72,000.00 in Stock

PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook sold 1,500 shares of the stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $48.00, for a total value of $72,000.00. Following the transaction, the chief accounting officer now directly owns 34,929 shares of the company’s stock, valued at approximately $1,676,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PRO opened at $48.02 on Friday. The business’s 50-day moving average price is $43.00. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.46 and a quick ratio of 2.46. PROS Holdings, Inc. has a one year low of $24.55 and a one year high of $51.83. The firm has a market capitalization of $2.13 billion, a PE ratio of -27.28 and a beta of 1.67.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, May 4th. The software maker reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.05. PROS had a negative return on equity of 55.89% and a negative net margin of 30.82%. The company had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.21 million. During the same quarter in the previous year, the company earned ($0.23) EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that PROS Holdings, Inc. will post -1.35 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of PRO. First Trust Advisors LP raised its position in shares of PROS by 70.3% during the 1st quarter. First Trust Advisors LP now owns 72,766 shares of the software maker’s stock worth $3,074,000 after purchasing an additional 30,043 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of PROS during the 4th quarter worth approximately $214,000. Valmark Advisers Inc. raised its position in shares of PROS by 31.7% during the 4th quarter. Valmark Advisers Inc. now owns 10,329 shares of the software maker’s stock worth $524,000 after purchasing an additional 2,489 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of PROS by 13.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 63,616 shares of the software maker’s stock worth $3,230,000 after purchasing an additional 7,354 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of PROS by 3.7% during the 4th quarter. BlackRock Inc. now owns 3,535,630 shares of the software maker’s stock worth $179,504,000 after purchasing an additional 124,642 shares during the last quarter.

Separately, Zacks Investment Research upgraded PROS from a “sell” rating to a “hold” rating in a research report on Saturday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. PROS currently has a consensus rating of “Hold” and a consensus price target of $43.67.

PROS Company Profile

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. The company offers PROS Smart CPQ, a tool for sales teams and partners to respond to customer quotes; and PROS Opportunity Detection that increases sales effectiveness and productivity by uncovering sales opportunities in existing accounts for sales teams.

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