PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 51.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,823 shares of the software maker’s stock after selling 1,962 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PROS were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRO. Rice Hall James & Associates LLC acquired a new position in shares of PROS in the second quarter worth about $7,787,000. Summit Global Investments acquired a new position in shares of PROS during the 2nd quarter worth about $311,000. Harbour Capital Advisors LLC acquired a new position in shares of PROS during the 2nd quarter worth about $388,000. Royce & Associates LP raised its position in shares of PROS by 36.0% during the 1st quarter. Royce & Associates LP now owns 61,900 shares of the software maker’s stock worth $1,696,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of PROS by 25.2% during the 1st quarter. Ameriprise Financial Inc. now owns 227,772 shares of the software maker’s stock worth $6,241,000 after purchasing an additional 45,900 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Price Performance

PROS stock opened at $36.68 on Friday. The firm has a 50 day simple moving average of $33.97 and a 200-day simple moving average of $32.57. PROS Holdings, Inc. has a 1-year low of $20.32 and a 1-year high of $38.96. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -26.58 and a beta of 1.14.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $77.25 million during the quarter, compared to analysts’ expectations of $75.87 million. During the same period last year, the company earned ($0.30) EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that PROS Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Stefan B. Schulz sold 24,547 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.84, for a total value of $830,670.48. Following the transaction, the chief financial officer now directly owns 258,063 shares in the company, valued at approximately $8,732,851.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PRO has been the subject of several research reports. StockNews.com initiated coverage on shares of PROS in a research note on Thursday, October 5th. They set a “hold” rating for the company. Robert W. Baird upped their price objective on shares of PROS from $35.00 to $40.00 in a research note on Wednesday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of PROS in a research note on Wednesday, November 1st.

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.