Voloridge Investment Management LLC Sells 211,172 Shares of PROS Holdings, Inc. (NYSE:PRO)

Voloridge Investment Management LLC cut its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,706 shares of the software maker's stock after selling 211,172 shares during the period. Voloridge Investment Management LLC owned approximately 0.36% of PROS worth $3,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. raised its stake 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 worth $38,387,000 after buying an additional 1,345,256 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of PROS by 340.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after buying an additional 1,069,141 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PROS during the 4th quarter worth approximately $6,447,000. Barclays PLC raised its stake in shares of PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after buying an additional 184,856 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after buying an additional 172,997 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on PRO shares. 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 research note on Tuesday, April 8th. Stifel Nicolaus dropped their price objective on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Northland Securities set a $38.00 price objective on PROS in a research note on Wednesday. Needham & Company LLC dropped their price objective on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, KeyCorp dropped their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. One equities 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, PROS has a consensus rating of "Moderate Buy" and an average target price of $29.13.

PROS Price Performance

Shares of NYSE PRO traded down $0.39 during midday trading on Friday, hitting $17.62. 730,604 shares of the company's stock were exchanged, compared to its average volume of 544,662. The stock's 50 day moving average price is $17.42 and its 200-day moving average price is $21.39. The firm has a market cap of $843.15 million, a P/E ratio of -40.05 and a beta of 1.06. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $30.67.

PROS (NYSE:PRO - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. On average, analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

PROS Company 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.