PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC increased its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 139.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,284 shares of the software maker's stock after purchasing an additional 96,800 shares during the period. Intrinsic Edge Capital Management LLC owned 0.36% of PROS worth $6,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PRO. FMR LLC raised its position in shares of PROS by 94.2% during the 3rd quarter. FMR LLC now owns 2,561,817 shares of the software maker's stock worth $88,690,000 after purchasing an additional 1,242,334 shares during the last quarter. Deutsche Bank AG raised its holdings in PROS by 116.0% in the 3rd quarter. Deutsche Bank AG now owns 804,051 shares of the software maker's stock valued at $27,836,000 after acquiring an additional 431,793 shares during the last quarter. Cadian Capital Management LP acquired a new stake in PROS in the 3rd quarter valued at about $13,405,000. Norges Bank acquired a new stake in PROS in the 4th quarter valued at about $12,436,000. Finally, Brown Advisory Inc. raised its holdings in PROS by 11.4% in the 4th quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker's stock valued at $109,171,000 after acquiring an additional 287,338 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

PROS Stock Performance

Shares of NYSE PRO traded down $0.43 during midday trading on Monday, reaching $27.61. 303,786 shares of the stock were exchanged, compared to its average volume of 315,229. The company has a 50 day simple moving average of $32.78 and a 200 day simple moving average of $35.05. The stock has a market capitalization of $1.30 billion, a P/E ratio of -26.33 and a beta of 1.24. PROS Holdings, Inc. has a twelve month low of $27.49 and a twelve month high of $40.99.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.28) EPS. On average, research analysts expect that PROS Holdings, Inc. will post -0.5 earnings per share for the current year.

Insider Transactions at PROS

In related news, Director Leland Jourdan sold 2,162 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $413,102.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the transaction, the chief financial officer now owns 258,327 shares of the company's stock, valued at approximately $8,015,886.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leland Jourdan sold 2,162 shares of the firm's stock in a transaction that occurred 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 directly owns 13,313 shares of the company's stock, valued at approximately $413,102.39. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

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

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.