Nebula Research & Development LLC Sells 15,239 Shares of PROS Holdings, Inc. (NYSE:PRO)

Nebula Research & Development LLC trimmed its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,496 shares of the software maker's stock after selling 15,239 shares during the period. Nebula Research & Development LLC owned 0.08% of PROS worth $867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PRO. Quadrant Capital Group LLC raised its stake in shares of PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after purchasing an additional 926 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in PROS in the fourth quarter worth $156,000. State of Tennessee Department of Treasury acquired a new position in shares of PROS during the fourth quarter valued at $164,000. Natixis Advisors LLC bought a new stake in shares of PROS during the 4th quarter valued at $237,000. Finally, Aigen Investment Management LP bought a new position in PROS during the 4th quarter worth approximately $252,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PRO. Stifel Nicolaus increased their target price on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com upgraded PROS from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Robert W. Baird dropped their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. KeyCorp lifted their price target on PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $31.63.

PROS Price Performance

Shares of PROS stock traded down $0.72 during trading on Wednesday, reaching $17.03. 551,611 shares of the company traded hands, compared to its average volume of 524,510. The firm has a market capitalization of $813.98 million, a PE ratio of -38.70 and a beta of 1.04. The company has a 50 day moving average price of $19.55 and a 200-day moving average price of $21.76. PROS Holdings, Inc. has a 1-year low of $14.81 and a 1-year high of $34.43.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). Equities research analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Transactions at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company's stock.

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.