PROS Holdings, Inc. $PRO Shares Sold by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC reduced its holdings in PROS Holdings, Inc. by 41.5%, selling 138,733 shares and owning approximately 195,622 shares valued at $3.7 million.
• Several large investors, including GAMMA Investing LLC, significantly increased their positions in PROS during the first quarter, indicating growing institutional interest.
• Research analysts have mixed ratings for PROS, with Baird R W downgrading it from "strong-buy" to "hold," while Needham & Company LLC maintains a "buy" rating with a target price of $25.00.

Granahan Investment Management LLC lowered its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 41.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,622 shares of the software maker's stock after selling 138,733 shares during the quarter. Granahan Investment Management LLC owned about 0.41% of PROS worth $3,723,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS during the fourth quarter worth approximately $30,000. Ancora Advisors LLC acquired a new position in PROS in the fourth quarter valued at about $33,000. Comerica Bank raised its position 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 period. GAMMA Investing LLC raised its position in shares of PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after purchasing an additional 2,092 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of PROS in the fourth quarter worth $130,000. Institutional investors own 94.27% of the company's stock.

PROS Price Performance

Shares of NYSE:PRO traded up $0.18 during trading on Thursday, reaching $15.30. 209,321 shares of the company were exchanged, compared to its average volume of 675,718. The firm has a market capitalization of $736.18 million, a PE ratio of -69.61 and a beta of 1.02. The business's fifty day simple moving average is $15.43 and its 200-day simple moving average is $17.33. PROS Holdings, Inc. has a 12-month low of $13.61 and a 12-month high of $29.84.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $88.72 million for the quarter, compared to analysts' expectations of $87.70 million. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PRO. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Wall Street Zen raised PROS from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Robert W. Baird lowered PROS from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Stifel Nicolaus cut their target price on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of PROS in a research note on Thursday, June 12th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.86.

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.