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Los Angeles Capital Management LLC Purchases New Stake in PROS Holdings, Inc. (NYSE:PRO)

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Los Angeles Capital Management LLC purchased a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,651 shares of the software maker's stock, valued at approximately $497,000.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in shares of PROS during the third quarter worth about $204,000. Oppenheimer Asset Management Inc. increased its position in shares of PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker's stock worth $221,000 after acquiring an additional 2,700 shares during the period. Quadrature Capital Ltd raised its stake in shares of PROS by 19.3% in 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 in the last quarter. Creative Planning purchased a new position in PROS in the third quarter valued at $249,000. Finally, Paloma Partners Management Co acquired a new position in PROS during the 3rd quarter worth $252,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Price Performance

Shares of NYSE PRO traded down $1.60 during trading on Friday, hitting $22.48. 219,144 shares of the company were exchanged, compared to its average volume of 419,408. The firm's fifty day moving average price is $24.07 and its 200 day moving average price is $21.77. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $38.71. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -50.90 and a beta of 1.22.

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PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, research analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company's stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PRO shares. StockNews.com upgraded PROS from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. KeyCorp boosted their target price on PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Oppenheimer lowered shares of PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price objective 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. Finally, Robert W. Baird lifted their price target on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

View Our Latest Stock Report on PRO

PROS Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PROS (NYSE:PRO)

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