Walleye Capital LLC Reduces Position in PROS Holdings, Inc. (NYSE:PRO)

Walleye Capital LLC reduced its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 98.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,185 shares of the software maker's stock after selling 1,579,195 shares during the period. Walleye Capital LLC's holdings in PROS were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PRO. Quadrant Capital Group LLC lifted its holdings in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after acquiring an additional 926 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of PROS during the 4th quarter valued at about $156,000. Natixis Advisors LLC acquired a new position in shares of PROS in the 4th quarter valued at approximately $237,000. Aigen Investment Management LP bought a new stake in PROS during the 4th quarter worth approximately $252,000. Finally, Stephens Inc. AR raised its holdings in PROS by 14.1% during the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after buying an additional 1,556 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PRO. Robert W. Baird dropped their target price on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Stifel Nicolaus raised their price target on PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 price target on shares of PROS in a research report on Friday, February 7th. Finally, KeyCorp increased their price objective on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.63.

PROS Stock Performance

NYSE:PRO traded up $0.13 on Tuesday, hitting $17.88. The stock had a trading volume of 14,034 shares, compared to its average volume of 521,031. PROS Holdings, Inc. has a 1 year low of $14.81 and a 1 year high of $34.52. The firm's fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $21.82. The stock has a market cap of $854.61 million, a P/E ratio of -40.51 and a beta of 1.04.

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

Insider Activity

In related news, CAO Scott William Cook sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company's stock.

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.