Scott William Cook Sells 5,000 Shares of PROS Holdings, Inc. (NYSE:PRO) Stock

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) CAO Scott William Cook sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. This represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PROS Stock Down 1.0 %

Shares of PRO stock traded down $0.27 during mid-day trading on Friday, reaching $26.99. The company's stock had a trading volume of 232,396 shares, compared to its average volume of 407,467. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71. The firm has a market capitalization of $1.28 billion, a PE ratio of -61.35 and a beta of 1.22. The company's 50 day simple moving average is $23.60 and its 200-day simple moving average is $21.32.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, research analysts anticipate that PROS Holdings, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PRO shares. Stifel Nicolaus boosted their target price on PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Craig Hallum upgraded PROS from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a report on Wednesday, October 30th. StockNews.com raised PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Institutional Investors Weigh In On PROS

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its stake in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after buying an additional 926 shares in the last quarter. Franklin Resources Inc. grew its position in PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after acquiring an additional 1,080 shares during the last quarter. Comerica Bank grew its holdings in shares of PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after purchasing an additional 1,140 shares during the last quarter. Swiss National Bank lifted its holdings in PROS by 1.7% in the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after buying an additional 1,300 shares during the period. Finally, MetLife Investment Management LLC increased its stake in PROS by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock valued at $614,000 after purchasing an additional 1,438 shares in the last quarter. 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.