PROS Holdings, Inc. (NYSE:PRO) Director Timothy V. Williams Sells 3,064 Shares

PROS Holdings, Inc. (NYSE:PRO – Get Rating) Director Timothy V. Williams sold 3,064 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $24.61, for a total value of $75,405.04. Following the completion of the sale, the director now owns 119,731 shares of the company’s stock, valued at $2,946,579.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PROS Stock Up 4.1 %

PRO opened at $25.70 on Tuesday. The stock has a fifty day moving average of $26.61 and a 200-day moving average of $25.58. The firm has a market capitalization of $1.18 billion, a P/E ratio of -16.06 and a beta of 1.12. PROS Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $31.67.

PROS (NYSE:PRO – Get Rating) last released its earnings results on Tuesday, May 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $73.18 million during the quarter, compared to analysts’ expectations of $70.91 million. PROS’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.47) EPS. On average, analysts expect that PROS Holdings, Inc. will post -0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its stake in shares of PROS by 15.9% in the third quarter. Rockefeller Capital Management L.P. now owns 569,186 shares of the software maker’s stock worth $14,058,000 after acquiring an additional 78,254 shares during the last quarter. Versor Investments LP increased its stake in shares of PROS by 40.9% in the fourth quarter. Versor Investments LP now owns 11,720 shares of the software maker’s stock worth $284,000 after acquiring an additional 3,400 shares during the last quarter. Fred Alger Management LLC increased its stake in shares of PROS by 0.3% in the third quarter. Fred Alger Management LLC now owns 3,642,954 shares of the software maker’s stock worth $89,981,000 after acquiring an additional 10,835 shares during the last quarter. Cadian Capital Management LP acquired a new position in shares of PROS in the third quarter worth $6,913,000. Finally, Conestoga Capital Advisors LLC increased its stake in shares of PROS by 8.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,188,795 shares of the software maker’s stock worth $77,360,000 after acquiring an additional 243,949 shares during the last quarter. 96.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PRO shares. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price objective on shares of PROS in a research report on Wednesday, March 8th. StockNews.com started coverage on PROS in a research report on Thursday, March 16th. They set a “hold” rating for the company. Stifel Nicolaus cut their price objective on PROS from $36.00 to $34.00 in a research report on Wednesday, May 3rd. Robert W. Baird increased their price objective on PROS from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Finally, Oppenheimer started coverage on PROS in a research report on Wednesday, April 19th. They set an “outperform” rating and a $37.00 price objective for the company.

About PROS

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PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.