PROS Holdings, Inc. (PRO) Shares Bought by Menta Capital LLC
Menta Capital LLC boosted its stake in PROS Holdings, Inc. (NYSE:PRO) by 606.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,898 shares of the software maker’s stock after purchasing an additional 66,876 shares during the quarter. Menta Capital LLC owned about 0.25% of PROS Holdings worth $2,134,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PRO. Bank of Montreal Can lifted its stake in PROS Holdings by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after purchasing an additional 59 shares in the last quarter. Legal & General Group Plc lifted its stake in PROS Holdings by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after purchasing an additional 199 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in PROS Holdings in the 2nd quarter worth $359,000. American International Group Inc. lifted its stake in PROS Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock worth $375,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in PROS Holdings in the 1st quarter worth $405,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
In other news, Director Ronald F. Woestemeyer sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andres Reiner sold 8,175 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.12, for a total transaction of $213,531.00. Following the completion of the transaction, the chief executive officer now directly owns 415,815 shares in the company, valued at $10,861,087.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,525 shares of company stock worth $3,071,057. Insiders own 18.90% of the company’s stock.
Shares of PROS Holdings, Inc. (NYSE:PRO) opened at 23.33 on Thursday. The stock’s 50 day moving average is $26.01 and its 200 day moving average is $26.02. The stock’s market capitalization is $741.61 million. PROS Holdings, Inc. has a 12 month low of $20.34 and a 12 month high of $30.49.
PROS Holdings (NYSE:PRO) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted ($0.26) earnings per share. Analysts anticipate that PROS Holdings, Inc. will post ($0.87) earnings per share for the current fiscal year.
Several analysts have commented on the stock. ValuEngine upgraded shares of PROS Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Pacific Crest boosted their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.20.
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PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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