PROS (NYSE:PRO) Trading Down 7.5%

Shares of PROS Holdings, Inc. (NYSE:PRO - Get Free Report) traded down 7.5% during mid-day trading on Wednesday . The company traded as low as $30.49 and last traded at $30.49. 75,695 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 303,081 shares. The stock had previously closed at $32.97.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of PROS in a research note on Wednesday. KeyCorp upgraded PROS from a "sector weight" rating to an "overweight" rating and set a $43.00 target price on the stock in a research note on Friday, January 12th.

PROS Stock Down 7.2 %

The business's 50 day moving average is $35.03 and its two-hundred day moving average is $35.69. The firm has a market capitalization of $1.44 billion, a P/E ratio of -25.07 and a beta of 1.18.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $80.69 million for the quarter, compared to the consensus estimate of $79.84 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. PROS's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Activity at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.92, for a total transaction of $215,520.00. Following the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at $9,347,210.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On PROS

Several hedge funds and other institutional investors have recently bought and sold shares of PRO. SG Americas Securities LLC bought a new stake in PROS in the third quarter worth about $368,000. Bank of New York Mellon Corp increased its stake in PROS by 7.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 237,860 shares of the software maker's stock worth $8,235,000 after purchasing an additional 16,645 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PROS by 33.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,159 shares of the software maker's stock worth $282,000 after purchasing an additional 2,030 shares in the last quarter. Roubaix Capital LLC increased its stake in PROS by 25.7% in the 3rd quarter. Roubaix Capital LLC now owns 132,274 shares of the software maker's stock worth $4,579,000 after purchasing an additional 27,013 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in PROS by 95.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker's stock worth $124,000 after purchasing an additional 1,748 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.