PROS Holdings, Inc. $PRO Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in PROS Holdings, Inc. by 25.9%, now owning approximately 197,512 shares valued at $3,759,000.
• Several institutional investors have increased their positions in PROS, with Comerica Bank showing a significant 264.5% boost in its holdings during the last quarter.
• Wall Street analysts have mixed views on PROS, with an average rating of "Moderate Buy" and a consensus price target of $27.50, following a recent downgrade by Robert W. Baird from "outperform" to "neutral."

Algert Global LLC cut its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 25.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,512 shares of the software maker's stock after selling 68,893 shares during the period. Algert Global LLC owned 0.41% of PROS worth $3,759,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its position in shares of PROS by 334.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock valued at $38,387,000 after acquiring an additional 1,345,256 shares during the period. Nuveen LLC acquired a new position in shares of PROS during the 1st quarter worth approximately $23,893,000. Nuveen Asset Management LLC grew its stake in PROS by 340.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after acquiring an additional 1,069,141 shares during the period. Raymond James Financial Inc. purchased a new position in PROS during the fourth quarter valued at $6,447,000. Finally, Vanguard Group Inc. increased its stake in shares of PROS by 3.1% during the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock worth $111,269,000 after purchasing an additional 176,926 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

PROS Price Performance

PRO traded up $0.8590 during trading hours on Friday, reaching $15.7990. The company's stock had a trading volume of 824,080 shares, compared to its average volume of 1,028,670. PROS Holdings, Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $29.84. The stock has a market cap of $760.03 million, a PE ratio of -71.81 and a beta of 1.08. The business's 50-day moving average is $15.32 and its 200-day moving average is $18.29.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The business had revenue of $88.72 million for the quarter, compared to analyst estimates of $87.70 million. During the same period last year, the business earned $0.07 EPS. PROS's revenue was up 8.2% compared to the same quarter last year. 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Baird R W downgraded shares of PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. KeyCorp dropped their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of PROS in a report on Thursday, June 12th. Six investment 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 has a consensus rating of "Moderate Buy" and an average price target of $27.50.

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.