Granahan Investment Management Inc. MA cut its position in PROS Holdings, Inc. (NYSE:PRO) by 71.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 252,981 shares of the software maker’s stock after selling 625,703 shares during the period. Granahan Investment Management Inc. MA owned approximately 0.80% of PROS Holdings worth $6,120,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of PRO. Brown Capital Management LLC boosted its position in shares of PROS Holdings by 0.6% in the first quarter. Brown Capital Management LLC now owns 4,912,609 shares of the software maker’s stock valued at $118,836,000 after buying an additional 27,789 shares during the last quarter. DF Dent & Co. Inc. boosted its position in shares of PROS Holdings by 15.5% in the first quarter. DF Dent & Co. Inc. now owns 2,336,673 shares of the software maker’s stock valued at $56,524,000 after buying an additional 314,368 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of PROS Holdings by 2.8% in the first quarter. Conestoga Capital Advisors LLC now owns 1,408,121 shares of the software maker’s stock valued at $34,062,000 after buying an additional 37,820 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of PROS Holdings by 10.5% in the first quarter. Vanguard Group Inc. now owns 1,203,757 shares of the software maker’s stock valued at $29,119,000 after buying an additional 114,641 shares during the last quarter. Finally, Sagard Capital Partners Management Corp boosted its stake in PROS Holdings by 25.7% in the fourth quarter. Sagard Capital Partners Management Corp now owns 1,073,093 shares of the software maker’s stock worth $23,093,000 after buying an additional 219,727 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Shares of PROS Holdings, Inc. (NYSE:PRO) traded up 1.25% during mid-day trading on Friday, reaching $28.35. 247,662 shares of the company traded hands. PROS Holdings, Inc. has a 52-week low of $16.25 and a 52-week high of $30.49. The company’s 50 day moving average is $27.80 and its 200 day moving average is $24.11. The stock’s market capitalization is $891.15 million.
PROS Holdings (NYSE:PRO) last announced its earnings results on Tuesday, May 2nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.08. The company had revenue of $40.13 million for the quarter, compared to analyst estimates of $38.60 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.21%. On average, equities analysts forecast that PROS Holdings, Inc. will post ($0.88) earnings per share for the current year.
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PRO has been the subject of several research analyst reports. Deutsche Bank AG increased their price objective on shares of PROS Holdings to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus raised their price target on shares of PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. ValuEngine raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Pacific Crest lifted their target price on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $31.20.
In other news, CEO Andres Reiner sold 52,698 shares of PROS Holdings stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $24.88, for a total transaction of $1,311,126.24. Following the transaction, the chief executive officer now owns 472,188 shares in the company, valued at $11,748,037.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Rechan purchased 4,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were acquired at an average price of $25.54 per share, for a total transaction of $102,160.00. The disclosure for this purchase can be found here. Insiders have sold 153,572 shares of company stock worth $4,022,499 over the last ninety days. 18.90% of the stock is owned by insiders.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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