Progress Software (NASDAQ:PRGS) Shares Unloaded Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain sold between $1,001 and $15,000 in shares of Progress Software on July 16th, 2025.
• Progress Software's shares experienced a 1.7% increase on the trading day, reaching a price of $45.73.
• The company reported quarterly earnings of $1.40 per share, surpassing analyst expectations, with a revenue increase of 35.6% from the previous year.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Progress Software Corporation NASDAQ: PRGS. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progress Software stock on July 16th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Progress Software Stock Up 1.7%

Shares of PRGS stock traded up $0.78 during trading on Friday, hitting $45.73. 716,977 shares of the company were exchanged, compared to its average volume of 789,081. Progress Software Corporation has a twelve month low of $42.88 and a twelve month high of $70.56. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 2.18 and a beta of 0.70. The business's 50-day simple moving average is $53.69 and its 200 day simple moving average is $56.39.

Progress Software (NASDAQ:PRGS - Get Free Report) last posted its quarterly earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The business had revenue of $237.36 million for the quarter, compared to the consensus estimate of $237.23 million. During the same period in the prior year, the business posted $1.09 earnings per share. Progress Software's revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, analysts forecast that Progress Software Corporation will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Anthony Folger sold 5,529 shares of Progress Software stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $52.97, for a total value of $292,871.13. Following the completion of the transaction, the chief financial officer owned 43,559 shares in the company, valued at approximately $2,307,320.23. The trade was a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Krall purchased 5,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were acquired at an average price of $48.90 per share, for a total transaction of $250,612.50. Following the completion of the transaction, the director owned 100,090 shares in the company, valued at $4,894,401. The trade was a 5.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PRGS has been the topic of a number of research reports. Wall Street Zen downgraded Progress Software from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. DA Davidson boosted their target price on shares of Progress Software from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Wedbush restated an "outperform" rating and set a $75.00 price target on shares of Progress Software in a report on Friday, June 27th. Guggenheim reiterated a "buy" rating and issued a $83.00 price objective on shares of Progress Software in a report on Friday, June 27th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Progress Software in a report on Friday, June 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.33.

Institutional Trading of Progress Software

Several hedge funds have recently added to or reduced their stakes in PRGS. Maseco LLP bought a new position in shares of Progress Software during the 2nd quarter worth about $28,000. Quaker Wealth Management LLC grew its holdings in shares of Progress Software by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 450 shares of the software maker's stock worth $29,000 after purchasing an additional 900 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Progress Software by 149.5% during the 4th quarter. Bessemer Group Inc. now owns 494 shares of the software maker's stock worth $33,000 after purchasing an additional 296 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Progress Software in the 4th quarter valued at $33,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Progress Software during the second quarter worth about $41,000.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.

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