Aigen Investment Management LP Invests $252,000 in PROS Holdings, Inc. (NYSE:PRO)

Aigen Investment Management LP acquired a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,497 shares of the software maker's stock, valued at approximately $252,000.

Several other hedge funds have also recently bought and sold shares of PRO. Stephens Inc. AR raised its stake in shares of PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after purchasing an additional 1,556 shares in the last quarter. US Bancorp DE raised its position in shares of PROS by 11.1% during the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after buying an additional 1,841 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of PROS by 17.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker's stock valued at $306,000 after acquiring an additional 2,023 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker's stock valued at $233,000 after acquiring an additional 2,034 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in PROS by 6.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock worth $872,000 after purchasing an additional 2,254 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PRO has been the subject of a number of research reports. 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. Stifel Nicolaus boosted their price target on shares of PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Finally, Robert W. Baird raised their target price on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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PROS Stock Down 4.9 %

Shares of PRO stock traded down $1.04 during trading hours on Thursday, reaching $20.14. 543,778 shares of the stock traded hands, compared to its average volume of 433,891. The firm has a market capitalization of $958.11 million, a PE ratio of -45.78 and a beta of 1.14. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $38.71. The business has a fifty day moving average price of $24.08 and a 200 day moving average price of $21.88.

PROS (NYSE:PRO - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). Research analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the transaction, the chief accounting officer now 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company's stock.

PROS 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.