Andres Reiner Sells 10,000 Shares of PROS Holdings, Inc. (PRO) Stock

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PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $32.21, for a total value of $322,100.00. Following the completion of the transaction, the chief executive officer now owns 435,399 shares in the company, valued at $14,024,201.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Andres Reiner also recently made the following trade(s):

  • On Monday, September 10th, Andres Reiner sold 10,000 shares of PROS stock. The stock was sold at an average price of $39.03, for a total value of $390,300.00.
  • On Tuesday, August 14th, Andres Reiner sold 10,000 shares of PROS stock. The stock was sold at an average price of $37.62, for a total value of $376,200.00.

PRO opened at $30.98 on Friday. PROS Holdings, Inc. has a 1 year low of $21.36 and a 1 year high of $41.10. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -20.57 and a beta of 1.25. The company has a debt-to-equity ratio of -3.19, a quick ratio of 1.65 and a current ratio of 1.65.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $47.40 million during the quarter, compared to analyst estimates of $46.30 million. During the same period in the prior year, the business earned ($0.22) EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts expect that PROS Holdings, Inc. will post -1.35 EPS for the current fiscal year.

Several research analysts have recently issued reports on PRO shares. Zacks Investment Research lowered PROS from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. ValuEngine raised PROS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. raised their price objective on PROS from $38.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Northland Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of PROS in a research note on Friday, July 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $45.00 price objective on shares of PROS in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.63.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new stake in shares of PROS in the second quarter valued at about $203,000. Xact Kapitalforvaltning AB acquired a new stake in shares of PROS in the second quarter valued at about $205,000. Cubist Systematic Strategies LLC acquired a new stake in shares of PROS in the second quarter valued at about $278,000. Metropolitan Life Insurance Co. NY increased its position in shares of PROS by 18.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock valued at $331,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Barclays PLC increased its position in shares of PROS by 161.2% in the first quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock valued at $364,000 after acquiring an additional 6,819 shares during the last quarter.

About PROS

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

Further Reading: Average Daily Trade Volume – What You Need to Know

Insider Buying and Selling by Quarter for PROS (NYSE:PRO)

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