Insider Selling: PROS Holdings, Inc. (NYSE:PRO) CAO Sells $149,200.00 in Stock

PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PROS Stock Performance

NYSE:PRO opened at $27.27 on Friday. The firm’s fifty day moving average is $23.56 and its 200-day moving average is $21.33. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $38.71. The firm has a market cap of $1.29 billion, a P/E ratio of -61.97 and a beta of 1.22.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

PRO has been the subject of several research analyst reports. Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Robert W. Baird lifted their price objective on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. Northland Securities reiterated an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PROS has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of PROS by 570.5% in the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock valued at $4,929,000 after purchasing an additional 226,443 shares during the last quarter. Barclays PLC boosted its position in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after purchasing an additional 184,856 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in PROS by 3,489.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after purchasing an additional 260,886 shares during the period. Point72 Asset Management L.P. boosted its position in PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after purchasing an additional 22,903 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in PROS during the third quarter worth about $17,921,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.