Trexquant Investment LP Raises Position in PROS Holdings, Inc. (NYSE:PRO)

Trexquant Investment LP boosted its stake in PROS Holdings, Inc. (NYSE:PRO) by 73.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,670 shares of the software maker’s stock after buying an additional 24,489 shares during the quarter. Trexquant Investment LP’s holdings in PROS were worth $2,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRO. Allspring Global Investments Holdings LLC raised its holdings in PROS by 95.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker’s stock valued at $124,000 after acquiring an additional 1,748 shares during the last quarter. Clear Street Markets LLC acquired a new stake in PROS in the 3rd quarter valued at about $138,000. Lindenwold Advisors INC acquired a new stake in PROS in the 4th quarter valued at about $216,000. Victory Capital Management Inc. acquired a new stake in PROS in the 4th quarter valued at about $218,000. Finally, Teacher Retirement System of Texas acquired a new stake in PROS in the 3rd quarter valued at about $244,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Price Performance

Shares of NYSE PRO opened at $31.17 on Friday. The company has a 50 day simple moving average of $33.94 and a 200-day simple moving average of $35.49. The company has a market capitalization of $1.46 billion, a P/E ratio of -29.69 and a beta of 1.18. PROS Holdings, Inc. has a 1 year low of $27.58 and a 1 year high of $40.99.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $80.69 million for the quarter, compared to analyst estimates of $79.84 million. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.28) EPS. As a group, research analysts expect that PROS Holdings, Inc. will post -0.5 EPS for the current year.

Insider Transactions at PROS

In other news, Director Leland Jourdan sold 2,162 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the sale, the director now owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the sale, the chief financial officer now owns 258,327 shares in the company, valued at approximately $8,015,886.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leland Jourdan sold 2,162 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the transaction, the director now directly owns 13,313 shares of the company’s stock, valued at approximately $413,102.39. The disclosure for this sale can be found here. Insiders sold 14,162 shares of company stock worth $468,787 in the last 90 days. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of PROS in a report on Thursday.

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.