Granahan Investment Management Inc. MA Lowers Position in PROS Holdings, Inc. (PRO)

Granahan Investment Management Inc. MA cut its stake in PROS Holdings, Inc. (NYSE:PRO) by 71.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.80% of PROS Holdings worth $6,120,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in shares of PROS Holdings during the first quarter valued at $1,748,000. Bank of America Corp DE raised its stake in shares of PROS Holdings by 15.3% in the first quarter. Bank of America Corp DE now owns 135,447 shares of the software maker’s stock valued at $3,277,000 after buying an additional 18,007 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of PROS Holdings during the first quarter valued at $927,000. DF Dent & Co. Inc. raised its stake 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of PROS Holdings by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 103,525 shares of the software maker’s stock valued at $2,505,000 after buying an additional 5,472 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PROS Holdings (NYSE:PRO)

Shares of PROS Holdings, Inc. (NYSE:PRO) traded up 0.89% on Monday, hitting $27.20. The stock had a trading volume of 300,851 shares. The company’s market cap is $855.00 million. PROS Holdings, Inc. has a 52 week low of $15.49 and a 52 week high of $30.49. The firm has a 50 day moving average price of $27.36 and a 200-day moving average price of $23.85.

PROS Holdings (NYSE:PRO) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative net margin of 48.21% and a negative return on equity of 2,114.05%. The company had revenue of $40.13 million during the quarter, compared to the consensus estimate of $38.60 million. Analysts anticipate that PROS Holdings, Inc. will post ($0.88) EPS for the current year.

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Several equities research analysts have weighed in on the company. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG increased their target price on PROS Holdings to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus increased their target price on 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 PROS Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Needham & Company LLC increased their target price on PROS Holdings from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.25.

In other PROS Holdings news, Director Leslie J. Rechan bought 4,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $25.54 per share, with a total value of $102,160.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $29.48, for a total transaction of $830,599.00. Following the transaction, the chief executive officer now directly owns 439,490 shares of the company’s stock, valued at approximately $12,956,165.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,976 shares of company stock valued at $4,043,736. 17.20% of the stock is owned by insiders.

PROS Holdings Company Profile

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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