PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC decreased its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,355 shares of the software maker's stock after selling 174,226 shares during the quarter. Granahan Investment Management LLC owned approximately 0.71% of PROS worth $7,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in 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 during the last quarter. Franklin Resources Inc. boosted its position in PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after acquiring an additional 1,080 shares during the last quarter. Comerica Bank grew its stake in PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after acquiring an additional 1,140 shares in the last quarter. Swiss National Bank raised its holdings in PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after acquiring an additional 1,300 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock worth $614,000 after purchasing an additional 1,438 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PRO shares. Needham & Company LLC cut their price target on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com downgraded PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Oppenheimer cut shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Robert W. Baird cut their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp decreased their target price on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, PROS currently has a consensus rating of "Moderate Buy" and an average target price of $29.13.

PROS Stock Performance

PROS stock opened at $16.92 on Friday. The company's 50 day simple moving average is $18.46 and its 200-day simple moving average is $21.65. PROS Holdings, Inc. has a 1 year low of $14.81 and a 1 year high of $32.87. The company has a market capitalization of $809.66 million, a price-to-earnings ratio of -38.45 and a beta of 1.06.

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

PROS 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.

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