PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Axiom Investors LLC DE

Axiom Investors LLC DE boosted its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 243.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,852 shares of the software maker's stock after acquiring an additional 257,777 shares during the quarter. Axiom Investors LLC DE owned 0.79% of PROS worth $14,114,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PRO. Allspring Global Investments Holdings LLC lifted its position in shares of PROS by 95.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker's stock worth $124,000 after purchasing an additional 1,748 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of PROS during the 3rd quarter worth about $244,000. Jump Financial LLC acquired a new position in shares of PROS during the 3rd quarter worth about $1,367,000. Swiss National Bank increased its holdings in shares of PROS by 1.2% in the 3rd quarter. Swiss National Bank now owns 91,200 shares of the software maker's stock valued at $3,157,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of PROS by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,166 shares of the software maker's stock worth $11,500,000 after acquiring an additional 15,101 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insiders Place Their Bets

In related news, CFO Stefan B. Schulz sold 6,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the transaction, the chief financial officer now owns 260,223 shares in the company, valued at approximately $9,347,210.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PROS news, Director Leland Jourdan sold 2,162 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at approximately $9,347,210.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,162 shares of company stock valued at $468,787. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of PROS in a research note on Thursday, May 23rd.

PROS Stock Performance

Shares of PRO stock traded down $0.60 during mid-day trading on Friday, hitting $29.48. 320,390 shares of the stock were exchanged, compared to its average volume of 312,130. PROS Holdings, Inc. has a 12-month low of $27.58 and a 12-month high of $40.99. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -28.08 and a beta of 1.18. The stock's fifty day simple moving average is $33.50 and its two-hundred day simple moving average is $35.34.

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