D.A. Davidson & CO. lowered its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,236 shares of the software maker’s stock after selling 34 shares during the quarter. D.A. Davidson & CO.’s holdings in PROS Holdings were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in PRO. DF Dent & Co. Inc. raised its holdings in PROS Holdings by 15.5% during the first quarter. DF Dent & Co. Inc. now owns 2,336,673 shares of the software maker’s stock worth $56,524,000 after purchasing an additional 314,368 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in PROS Holdings during the first quarter worth approximately $5,103,000. Vanguard Group Inc. raised its holdings in PROS Holdings by 10.5% during the first quarter. Vanguard Group Inc. now owns 1,203,757 shares of the software maker’s stock worth $29,119,000 after purchasing an additional 114,641 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in PROS Holdings by 6.8% during the second quarter. Conestoga Capital Advisors LLC now owns 1,503,661 shares of the software maker’s stock worth $41,185,000 after purchasing an additional 95,540 shares in the last quarter. Finally, Dragoneer Investment Group LLC acquired a new stake in PROS Holdings during the first quarter worth approximately $1,748,000. 91.59% of the stock is currently owned by institutional investors.
In related news, Director Ronald F. Woestemeyer sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andres Reiner sold 28,175 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $28.67, for a total value of $807,777.25. Following the sale, the chief executive officer now directly owns 423,140 shares in the company, valued at $12,131,423.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,350 shares of company stock valued at $2,296,808. Company insiders own 17.20% of the company’s stock.
A number of analysts have weighed in on the stock. Pacific Crest raised their price objective on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. Stifel Nicolaus reissued a “hold” rating and set a $28.00 price objective on shares of PROS Holdings in a report on Sunday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.60.
Shares of PROS Holdings, Inc. (NYSE:PRO) opened at 24.86 on Wednesday. The firm’s 50-day moving average is $24.82 and its 200-day moving average is $26.18. The firm’s market cap is $790.25 million. PROS Holdings, Inc. has a 12-month low of $20.34 and a 12-month high of $30.49.
PROS Holdings (NYSE:PRO) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The company had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) EPS. Equities analysts expect that PROS Holdings, Inc. will post ($0.87) earnings per share for the current fiscal year.
PROS Holdings 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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