ExodusPoint Capital Management LP Buys 64,988 Shares of PROS Holdings, Inc. (NYSE:PRO)

ExodusPoint Capital Management LP lifted its stake in PROS Holdings, Inc. (NYSE:PRO) by 178.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,391 shares of the software maker’s stock after buying an additional 64,988 shares during the period. ExodusPoint Capital Management LP owned about 0.22% of PROS worth $2,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PRO. Point72 Middle East FZE acquired a new stake in shares of PROS during the 4th quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in PROS during the first quarter worth $29,000. Tower Research Capital LLC TRC increased its holdings in PROS by 302.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the software maker’s stock valued at $29,000 after buying an additional 808 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of PROS in the 1st quarter valued at $29,000. Finally, Captrust Financial Advisors bought a new position in shares of PROS during the 2nd quarter worth about $42,000. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Stock Performance

Shares of PRO stock opened at $37.08 on Thursday. The stock’s fifty day moving average is $33.93 and its 200-day moving average is $29.72. PROS Holdings, Inc. has a 52 week low of $18.08 and a 52 week high of $38.96. The stock has a market capitalization of $1.71 billion, a PE ratio of -26.68 and a beta of 1.12.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRO. Stifel Nicolaus dropped their price target on shares of PROS from $36.00 to $34.00 in a research report on Wednesday, May 3rd. StockNews.com began coverage on PROS in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Craig Hallum increased their price objective on PROS from $32.00 to $37.00 in a research note on Wednesday, May 24th. Robert W. Baird boosted their target price on shares of PROS from $35.00 to $40.00 in a research note on Wednesday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of PROS in a research report on Friday, August 25th.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 1,903 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $38.00, for a total transaction of $72,314.00. Following the completion of the sale, the chief accounting officer now owns 38,303 shares in the company, valued at $1,455,514. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 8,000 shares of company stock worth $289,000. Insiders own 3.90% of the company’s stock.

About PROS

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.