PROS Holdings, Inc. (NYSE:PRO) is Kopion Asset Management LLC’s 10th Largest Position

Kopion Asset Management LLC decreased its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 196,733 shares of the software maker’s stock after selling 7,341 shares during the quarter. PROS makes up about 5.1% of Kopion Asset Management LLC’s holdings, making the stock its 10th largest position. Kopion Asset Management LLC owned 0.43% of PROS worth $6,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its stake in PROS by 36.1% during the 1st quarter. Quarry LP now owns 1,512 shares of the software maker’s stock worth $41,000 after buying an additional 401 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of PROS by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,124 shares of the software maker’s stock valued at $610,000 after acquiring an additional 408 shares during the period. Arizona State Retirement System raised its position in PROS by 4.1% in the 4th quarter. Arizona State Retirement System now owns 11,505 shares of the software maker’s stock valued at $279,000 after purchasing an additional 455 shares during the last quarter. PNC Financial Services Group Inc. grew its position in PROS by 20.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,397 shares of the software maker’s stock worth $112,000 after purchasing an additional 576 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in PROS by 302.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the software maker’s stock valued at $29,000 after purchasing an additional 808 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Trading Down 0.5 %

Shares of PRO traded down $0.15 during mid-day trading on Friday, hitting $32.85. The company’s stock had a trading volume of 523,303 shares, compared to its average volume of 362,339. PROS Holdings, Inc. has a 1-year low of $20.32 and a 1-year high of $38.96. The firm has a market capitalization of $1.52 billion, a P/E ratio of -23.63 and a beta of 1.13. The firm has a 50-day simple moving average of $35.09 and a 200 day simple moving average of $30.28.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, July 25th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. The firm had revenue of $75.79 million for the quarter, compared to analyst estimates of $72.70 million. During the same period in the prior year, the firm posted ($0.38) earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that PROS Holdings, Inc. will post -0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of PROS in a research note on Thursday, August 17th. They set a “hold” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of PROS in a report on Wednesday, September 6th. Craig Hallum increased their price target on PROS from $32.00 to $37.00 in a report on Wednesday, May 24th. Finally, Robert W. Baird boosted their price objective on shares of PROS from $35.00 to $40.00 in a research note on Wednesday, July 26th.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 1,903 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $38.00, for a total value of $72,314.00. Following the sale, the chief accounting officer now directly owns 38,303 shares in the company, valued at $1,455,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 8,000 shares of company stock worth $289,000. 3.90% of the stock is owned by corporate insiders.

PROS Profile

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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 that enables businesses to optimize, personalize, and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions.