StockNews.com started coverage on shares of PROS (NYSE:PRO – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the software maker’s stock.
PRO has been the subject of a number of other research reports. Robert W. Baird raised their price target on PROS from $32.00 to $34.00 and gave the company an outperform rating in a research report on Friday, February 10th. Needham & Company LLC restated a buy rating and issued a $35.00 price target on shares of PROS in a research report on Wednesday, March 8th. One analyst has rated the stock with a hold rating and four 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 a consensus target price of $36.00.
PROS Stock Performance
Shares of PRO opened at $26.08 on Thursday. The company’s 50 day simple moving average is $26.10 and its 200-day simple moving average is $24.68. PROS has a 12-month low of $18.08 and a 12-month high of $35.12.
Insider Buying and Selling at PROS
In other PROS news, CAO Scott William Cook sold 3,000 shares of PROS stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $30.31, for a total value of $90,930.00. Following the completion of the sale, the chief accounting officer now owns 41,833 shares in the company, valued at approximately $1,267,958.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On PROS
Several hedge funds and other institutional investors have recently modified their holdings of PRO. Norges Bank acquired a new position in shares of PROS in the 4th quarter valued at about $10,395,000. Great West Life Assurance Co. Can acquired a new position in shares of PROS in the 3rd quarter valued at approximately $8,986,000. Cadian Capital Management LP acquired a new position in shares of PROS in the 3rd quarter valued at approximately $6,913,000. Conestoga Capital Advisors LLC raised its position in shares of PROS by 8.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,188,795 shares of the software maker’s stock valued at $77,360,000 after purchasing an additional 243,949 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of PROS in the 1st quarter valued at approximately $5,053,000. 96.21% of the stock is owned by institutional investors and hedge funds.
PROS Company Profile
PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.
- Get a free copy of the StockNews.com research report on PROS (PRO)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.