PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner Sells 83,985 Shares of Stock


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PROS Holdings, Inc. (NYSE:PRO) CEO Andres Reiner sold 83,985 shares of PROS stock in a transaction on Tuesday, January 12th. The stock was sold at an average price of $47.00, for a total transaction of $3,947,295.00. Following the completion of the sale, the chief executive officer now owns 947,835 shares of the company’s stock, valued at approximately $44,548,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, January 5th, Andres Reiner sold 9,450 shares of PROS stock. The stock was sold at an average price of $49.57, for a total transaction of $468,436.50.

Shares of PRO opened at $47.15 on Thursday. PROS Holdings, Inc. has a 1 year low of $19.73 and a 1 year high of $68.81. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -26.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day moving average of $47.41 and a 200-day moving average of $39.42.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, October 29th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. PROS had a negative net margin of 28.65% and a negative return on equity of 33.57%. The company had revenue of $61.50 million during the quarter, compared to the consensus estimate of $60.01 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts predict that PROS Holdings, Inc. will post -1.23 EPS for the current year.

A number of brokerages recently issued reports on PRO. Zacks Investment Research lowered shares of PROS from a “hold” rating to a “sell” rating in a research note on Wednesday, October 28th. Royal Bank of Canada lowered shares of PROS from an “outperform” rating to a “sector perform” rating and set a $33.00 target price for the company. in a research note on Friday, October 30th. Finally, Northland Securities boosted their target price on shares of PROS from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, December 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of PROS during the second quarter valued at $124,000. Nisa Investment Advisors LLC boosted its holdings in shares of PROS by 230.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the software maker’s stock valued at $53,000 after acquiring an additional 1,150 shares during the period. Comerica Bank boosted its holdings in shares of PROS by 105.0% during the third quarter. Comerica Bank now owns 154,673 shares of the software maker’s stock valued at $5,219,000 after acquiring an additional 79,229 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in PROS by 12.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 288,696 shares of the software maker’s stock worth $12,827,000 after purchasing an additional 32,964 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in PROS in the second quarter worth about $27,000. 98.02% of the stock is owned by institutional investors.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business and business-to-consumer companies. The company offers PROS Smart CPQ, a tool for sales teams and partners to respond to customer quotes; and PROS Opportunity Detection that increases sales effectiveness and productivity by uncovering sales opportunities in existing accounts for sales teams.

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