PROS Holdings, Inc. (NYSE:PRO) was the recipient of a large growth in short interest during the month of November. As of November 29th, there was short interest totalling 2,690,000 shares, a growth of 14.5% from the November 14th total of 2,350,000 shares. Currently, 7.0% of the company’s stock are sold short. Based on an average trading volume of 385,400 shares, the days-to-cover ratio is presently 7.0 days.
In other news, CFO Stefan B. Schulz sold 11,250 shares of PROS stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $60.35, for a total transaction of $678,937.50. Following the sale, the chief financial officer now directly owns 208,706 shares in the company, valued at approximately $12,595,407.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan B. Schulz sold 2,000 shares of PROS stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $58.61, for a total value of $117,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,632 shares of company stock worth $4,046,112 over the last ninety days. Insiders own 13.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in shares of PROS by 70.3% in the first quarter. First Trust Advisors LP now owns 72,766 shares of the software maker’s stock valued at $3,074,000 after buying an additional 30,043 shares in the last quarter. Strs Ohio purchased a new stake in shares of PROS in the 2nd quarter valued at about $25,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of PROS by 220.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,972 shares of the software maker’s stock valued at $1,263,000 after purchasing an additional 13,730 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of PROS in the 2nd quarter valued at about $168,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of PROS in the 2nd quarter valued at about $352,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on PRO shares. Craig Hallum lowered their price objective on PROS to $80.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Zacks Investment Research cut PROS from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut PROS from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $65.00 in a research note on Friday, October 25th. Northland Securities restated a “buy” rating and issued a $72.00 price objective on shares of PROS in a research note on Friday, October 25th. Finally, ValuEngine cut PROS from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.91.
Shares of PRO opened at $61.46 on Monday. The business’s 50-day moving average price is $58.59 and its 200-day moving average price is $62.73. PROS has a twelve month low of $29.36 and a twelve month high of $75.39. The stock has a market cap of $2.59 billion, a PE ratio of -56.39 and a beta of 1.15. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.85.
PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported ($0.21) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). The firm had revenue of $64.20 million for the quarter, compared to analysts’ expectations of $63.32 million. PROS had a negative return on equity of 41.04% and a negative net margin of 27.26%. The company’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. Analysts expect that PROS will post -0.8 earnings per share for the current fiscal year.
PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company’s solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
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