PROS (NYSE:PRO) Trading Down 5.5%

PROS Holdings, Inc. (NYSE:PRO) shares were down 5.5% during trading on Monday . The stock traded as low as $27.06 and last traded at $27.06. Approximately 91,570 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 324,878 shares. The stock had previously closed at $28.65.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of PROS in a report on Thursday, May 23rd.

PROS Stock Performance

The company’s 50 day simple moving average is $30.16 and its 200-day simple moving average is $33.88.

PROS (NYSE:PRO) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $80.69 million during the quarter, compared to analysts’ expectations of $79.84 million. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.28) earnings per share. On average, equities research analysts forecast that PROS Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the sale, the chief financial officer now owns 258,327 shares of the company’s stock, valued at $8,015,886.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the sale, the chief financial officer now owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leland Jourdan sold 2,162 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the sale, the director now directly owns 13,313 shares of the company’s stock, valued at $413,102.39. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

Several large investors have recently bought and sold shares of PRO. Bayesian Capital Management LP purchased a new position in shares of PROS in the 1st quarter worth $298,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of PROS by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,167 shares of the software maker’s stock worth $1,096,000 after purchasing an additional 1,632 shares during the period. K2 Principal Fund L.P. bought a new position in shares of PROS during the 1st quarter valued at approximately $610,000. CANADA LIFE ASSURANCE Co raised its holdings in PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after buying an additional 84,591 shares during the period. Finally, Vanguard Group Inc. lifted its position in PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after buying an additional 144,729 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. 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, which enables businesses to optimize, personalize, and harmonize pricing.