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 firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PROS Price Performance

NYSE PRO opened at $27.30 on Thursday. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $38.71. The business has a 50 day simple moving average of $23.51 and a two-hundred day simple moving average of $21.29. The stock has a market capitalization of $1.29 billion, a PE ratio of -62.05 and a beta of 1.22.

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

Analyst Ratings Changes

Several analysts have recently commented on PRO shares. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th. Finally, StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PROS presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Institutional Trading of PROS

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its position in PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock worth $743,000 after acquiring an additional 1,080 shares in the last quarter. Norges Bank purchased a new position in shares of PROS in the 4th quarter worth approximately $2,794,000. Vanguard Group Inc. increased its position in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after purchasing an additional 172,997 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in PROS during the 4th quarter valued at $156,000. Finally, Royce & Associates LP raised its holdings in PROS by 174.7% during the 4th quarter. Royce & Associates LP now owns 128,164 shares of the software maker’s stock valued at $2,814,000 after buying an additional 81,500 shares during the period. 94.27% of the stock is currently owned by institutional investors.

About PROS

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.