Scott William Cook Sells 5,000 Shares of PROS Holdings, Inc. (NYSE:PRO) Stock

PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook sold 5,000 shares of the 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 transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PROS Price Performance

Shares of PRO opened at $27.27 on Friday. The firm’s 50 day simple moving average is $23.56 and its 200 day simple moving average is $21.33. The company has a market capitalization of $1.29 billion, a P/E ratio of -61.97 and a beta of 1.22. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $38.71.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 report on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. KeyCorp raised their price objective on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus raised their price objective on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of PROS by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock worth $124,516,000 after acquiring an additional 172,997 shares in the last quarter. RGM Capital LLC raised its stake in shares of PROS by 1.7% during the third quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock worth $56,091,000 after acquiring an additional 50,000 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of PROS by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock worth $32,008,000 after acquiring an additional 39,846 shares in the last quarter. State Street Corp raised its stake in shares of PROS by 2.9% during the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock worth $21,626,000 after acquiring an additional 33,176 shares in the last quarter. Finally, Tensile Capital Management LP raised its stake in shares of PROS by 373.4% during the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after acquiring an additional 915,990 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Company Profile

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.