PROS (NYSE:PRO) Shares Down 7.3% - Here's Why

Shares of PROS Holdings, Inc. (NYSE:PRO - Get Free Report) traded down 7.3% during mid-day trading on Monday . The company traded as low as $15.30 and last traded at $15.47. 635,559 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 499,376 shares. The stock had previously closed at $16.68.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Stifel Nicolaus increased their price target on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. KeyCorp upped their target price on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.63.

PROS Stock Performance

The firm has a market cap of $786.83 million, a P/E ratio of -37.41 and a beta of 1.04. The business's fifty day moving average is $22.14 and its 200-day moving average is $21.93.

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

Insider Buying and Selling

In other 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 value of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares of the company's stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On PROS

Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after purchasing an additional 926 shares during the period. Franklin Resources Inc. increased its holdings in PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after buying an additional 1,080 shares during the last quarter. Comerica Bank lifted its position in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after purchasing an additional 1,140 shares in the last quarter. Swiss National Bank raised its stake in PROS by 1.7% during the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after acquiring an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PROS during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

About PROS

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.