Cubist Systematic Strategies LLC Has $2.34 Million Stock Holdings in PROS Holdings, Inc. $PRO

Key Points

• Cubist Systematic Strategies LLC has reduced its holdings in PROS Holdings, Inc. by 51% in Q1, now owning $2.34 million worth of the company's stock.
• Multiple hedge funds have recently modified their stakes in PRO, with institutional investors owning 94.27% of the company’s shares.
• Wall Street analysts have varying ratings on PROS, with a consensus rating of "Moderate Buy" and an average price target of $25.86.

Cubist Systematic Strategies LLC trimmed its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 51.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,944 shares of the software maker's stock after selling 127,921 shares during the period. Cubist Systematic Strategies LLC owned 0.26% of PROS worth $2,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS in the fourth quarter worth $30,000. Comerica Bank lifted its position in shares of PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after acquiring an additional 2,092 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of PROS during the 4th quarter valued at about $130,000. Finally, CWM LLC raised its stake in shares of PROS by 153.6% in the 1st quarter. CWM LLC now owns 7,666 shares of the software maker's stock valued at $146,000 after acquiring an additional 4,643 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

PRO has been the subject of a number of recent analyst reports. Wall Street Zen raised PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Robert W. Baird downgraded shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Northland Securities set a $38.00 target price on shares of PROS in a report on Wednesday, May 28th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of PROS in a report on Thursday, June 12th. Finally, Stifel Nicolaus lowered their price target on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.86.

PROS Price Performance

Shares of PROS stock opened at $15.49 on Friday. The company has a market cap of $745.13 million, a PE ratio of -70.40 and a beta of 1.02. The firm has a fifty day moving average price of $15.46 and a two-hundred day moving average price of $17.49. PROS Holdings, Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $29.84.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to analyst estimates of $87.70 million. During the same period in the prior year, the company posted $0.07 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

PROS 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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