PROS (NYSE:PRO) Trading Up 5%

PROS Holdings, Inc. (NYSE:PRO)’s stock price was up 5% during trading on Monday . The stock traded as high as $34.75 and last traded at $34.48. Approximately 208,863 shares changed hands during trading, a decline of 31% from the average daily volume of 300,528 shares. The stock had previously closed at $32.85.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PRO shares. Craig Hallum upped their target price on PROS from $32.00 to $37.00 in a research report on Wednesday, May 24th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of PROS in a research report on Wednesday, September 6th. StockNews.com assumed coverage on shares of PROS in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Robert W. Baird raised their target price on shares of PROS from $35.00 to $40.00 in a report on Wednesday, July 26th.

PROS Stock Performance

The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -24.01 and a beta of 1.13. The company has a 50 day moving average price of $35.09 and a two-hundred day moving average price of $30.34.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, July 25th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The company had revenue of $75.79 million for the quarter, compared to analysts’ expectations of $72.70 million. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.38) earnings per share. On average, equities analysts expect that PROS Holdings, Inc. will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the chief accounting officer now owns 40,206 shares in the company, valued at approximately $1,407,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 8,000 shares of company stock worth $289,000. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PRO. Legato Capital Management LLC acquired a new stake in shares of PROS in the second quarter valued at approximately $345,000. Nuveen Asset Management LLC raised its holdings in shares of PROS by 1.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 134,377 shares of the software maker’s stock worth $4,139,000 after acquiring an additional 2,171 shares during the period. Alliancebernstein L.P. boosted its position in shares of PROS by 0.8% during the 2nd quarter. Alliancebernstein L.P. now owns 51,057 shares of the software maker’s stock valued at $1,573,000 after acquiring an additional 403 shares during the last quarter. Woodline Partners LP increased its position in PROS by 3.7% during the second quarter. Woodline Partners LP now owns 166,892 shares of the software maker’s stock worth $5,140,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in PROS by 11.4% during the second quarter. Goldman Sachs Group Inc. now owns 956,931 shares of the software maker’s stock worth $29,473,000 after purchasing an additional 97,922 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Company 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.