PROS (NYSE:PRO) Shares Down 5.5%

Shares of PROS Holdings, Inc. (NYSE:PRO) traded down 5.5% on Monday . The company traded as low as $27.06 and last traded at $27.06. 91,570 shares traded hands during trading, a decline of 72% from the average session volume of 324,878 shares. The stock had previously closed at $28.65.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of PROS in a research report on Thursday, May 23rd.

PROS Stock Down 6.4 %

The stock has a market cap of $1.26 billion, a P/E ratio of -26.48 and a beta of 1.21. The company’s 50 day moving average price is $30.45 and its 200-day moving average price is $34.06.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $80.69 million for the quarter, compared to the consensus estimate of $79.84 million. During the same period in the prior year, the business earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that PROS Holdings, Inc. will post -0.5 earnings per share for the current year.

Insider Buying and Selling

In other PROS news, Director Leland Jourdan sold 2,162 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the transaction, the director now owns 13,313 shares in the company, valued at approximately $413,102.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PROS news, Director Leland Jourdan sold 2,162 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the sale, the director now directly owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the transaction, the chief financial officer now directly owns 258,327 shares in the company, valued at $8,015,886.81. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in PROS by 137.6% during the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after acquiring an additional 406 shares in the last quarter. Lindenwold Advisors INC bought a new position in shares of PROS during the 4th quarter worth about $216,000. Victory Capital Management Inc. acquired a new stake in shares of PROS in the 4th quarter valued at about $218,000. Principal Financial Group Inc. increased its position in PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after buying an additional 484 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its position in PROS by 4.8% in the 4th 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 in the last quarter. 94.27% of the stock is currently owned by institutional investors.

PROS Company Profile

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.