Lisanti Capital Growth LLC Sells 53,160 Shares of PROS Holdings, Inc. (NYSE:PRO)

Lisanti Capital Growth LLC lowered its holdings in PROS Holdings, Inc. (NYSE:PRO) by 42.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,880 shares of the software maker’s stock after selling 53,160 shares during the period. Lisanti Capital Growth LLC owned approximately 0.15% of PROS worth $2,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of PROS by 95.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker’s stock worth $124,000 after acquiring an additional 1,748 shares in the last quarter. Clear Street Markets LLC bought a new position in PROS in the 3rd quarter worth about $138,000. Victory Capital Management Inc. bought a new position in PROS in the 4th quarter worth about $218,000. Teacher Retirement System of Texas purchased a new position in PROS during the 3rd quarter valued at about $244,000. Finally, Sheets Smith Wealth Management increased its position in shares of PROS by 4.8% during the fourth quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker’s stock valued at $275,000 after buying an additional 325 shares during the period. 94.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRO shares. KeyCorp upgraded shares of PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 price target for the company in a research report on Friday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of PROS in a research note on Monday, March 4th.

Insiders Place Their Bets

In related news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.92, for a total transaction of $215,520.00. Following the completion of the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at approximately $9,347,210.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

PROS Stock Up 0.1 %

Shares of NYSE PRO traded up $0.04 during trading hours on Monday, reaching $32.93. 363,567 shares of the stock traded hands, compared to its average volume of 303,267. The company has a market capitalization of $1.55 billion, a P/E ratio of -26.92 and a beta of 1.18. The company’s 50-day simple moving average is $35.21 and its two-hundred day simple moving average is $35.73. PROS Holdings, Inc. has a 52-week low of $24.61 and a 52-week high of $40.99.

PROS (NYSE:PRO) last issued its earnings results on Thursday, February 8th. The software maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $77.48 million for the quarter, compared to the consensus estimate of $76.70 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.54 earnings per share for the current fiscal year.

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.