BNP Paribas Financial Markets cut its stake in shares of PROS Holdings, Inc. (NYSE:PRO – Free Report) by 47.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,387 shares of the software maker’s stock after selling 33,204 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of PROS worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in PROS by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock valued at $13,042,000 after purchasing an additional 4,057 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in PROS by 4.8% during the 4th quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker’s stock valued at $275,000 after buying an additional 325 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in PROS during the 4th quarter valued at $218,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PROS by 12.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,172 shares of the software maker’s stock worth $356,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in PROS by 0.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,250,044 shares of the software maker’s stock worth $126,069,000 after acquiring an additional 23,765 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.
Insider Activity at PROS
In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.92, for a total value of $215,520.00. Following the completion of the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at $9,347,210.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Leland Jourdan sold 2,162 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the transaction, the director now directly owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.92, for a total transaction of $215,520.00. Following the transaction, the chief financial officer now directly owns 260,223 shares of the company’s stock, valued at $9,347,210.16. The disclosure for this sale can be found here. Insiders have sold 14,162 shares of company stock worth $468,787 over the last 90 days. 3.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of PROS in a report on Thursday.
Check Out Our Latest Stock Analysis on PRO
PROS Stock Performance
PRO opened at $31.17 on Monday. The stock has a market capitalization of $1.46 billion, a PE ratio of -29.69 and a beta of 1.18. The stock’s 50 day moving average price is $33.94 and its 200-day moving average price is $35.49. PROS Holdings, Inc. has a 52-week low of $27.58 and a 52-week high of $40.99.
PROS (NYSE:PRO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $80.69 million for the quarter, compared to analysts’ expectations of $79.84 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Research analysts forecast that PROS Holdings, Inc. will post -0.5 EPS for the current fiscal year.
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.
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