Quadrature Capital Ltd Cuts Stake in PROS Holdings, Inc. (NYSE:PRO)

Quadrature Capital Ltd reduced its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,395 shares of the software maker’s stock after selling 3,547 shares during the period. Quadrature Capital Ltd’s holdings in PROS were worth $714,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sheets Smith Wealth Management raised its holdings in PROS by 4.8% in the fourth quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker’s stock valued at $275,000 after buying an additional 325 shares during the period. Parallel Advisors LLC raised its holdings in PROS by 137.6% in the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock valued at $27,000 after buying an additional 406 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PROS by 12.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,172 shares of the software maker’s stock valued at $356,000 after buying an additional 1,013 shares during the period. Assenagon Asset Management S.A. raised its holdings in PROS by 1.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 68,851 shares of the software maker’s stock valued at $2,671,000 after buying an additional 1,157 shares during the period. Finally, Rhumbline Advisers raised its holdings in PROS by 2.9% in the third quarter. Rhumbline Advisers now owns 69,655 shares of the software maker’s stock valued at $2,411,000 after buying an additional 1,994 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Thursday, May 23rd.

PROS Stock Up 1.5 %

Shares of NYSE:PRO opened at $28.59 on Friday. PROS Holdings, Inc. has a 52-week low of $26.31 and a 52-week high of $40.99. The company has a 50 day moving average of $30.96 and a two-hundred day moving average of $34.44. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -27.23 and a beta of 1.24.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.69 million during the quarter, compared to analyst estimates of $79.84 million. During the same period last year, the business earned ($0.28) EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that PROS Holdings, Inc. will post -0.5 earnings per share for the current year.

Insider Transactions at PROS

In other news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the sale, the chief financial officer now owns 258,327 shares of the company’s stock, valued at $8,015,886.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other PROS news, Director Leland Jourdan sold 2,162 shares of PROS stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the transaction, the director now owns 13,313 shares of the company’s stock, valued at $413,102.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the transaction, the chief financial officer now directly owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The disclosure for this sale can be found here. Corporate insiders own 3.70% 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.