Scott William Cook Sells 5,000 Shares of PROS Holdings, Inc. (NYSE:PRO) Stock

PROS Holdings, Inc. (NYSE:PRO) CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

PROS Trading Down 1.1 %

Shares of PRO opened at $27.10 on Wednesday. The firm’s fifty day simple moving average is $23.47 and its two-hundred day simple moving average is $21.25. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71. The stock has a market capitalization of $1.28 billion, a P/E ratio of -61.59 and a beta of 1.22.

PROS (NYSE:PRO) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, research analysts predict that PROS Holdings, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after buying an additional 172,997 shares during the period. KLP Kapitalforvaltning AS acquired a new position in PROS during the 4th quarter worth approximately $156,000. Royce & Associates LP boosted its holdings in PROS by 174.7% in the fourth quarter. Royce & Associates LP now owns 128,164 shares of the software maker’s stock worth $2,814,000 after acquiring an additional 81,500 shares in the last quarter. Globeflex Capital L P acquired a new stake in PROS in the fourth quarter valued at approximately $853,000. Finally, Natixis Advisors LLC bought a new stake in shares of PROS during the fourth quarter valued at approximately $237,000. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PRO has been the subject of a number of research reports. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of PROS in a research note on Friday, February 7th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their target price on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

About PROS

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.