PROS Holdings, Inc. (NYSE:PRO) Stake Lessened by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 696,608 shares of the software maker’s stock after selling 86,450 shares during the period. Goldman Sachs Group Inc. owned about 1.49% of PROS worth $27,021,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PRO. FMR LLC increased its stake in PROS by 94.2% during the third quarter. FMR LLC now owns 2,561,817 shares of the software maker’s stock valued at $88,690,000 after purchasing an additional 1,242,334 shares during the last quarter. Deutsche Bank AG increased its stake in PROS by 116.0% during the third quarter. Deutsche Bank AG now owns 804,051 shares of the software maker’s stock valued at $27,836,000 after purchasing an additional 431,793 shares during the last quarter. Cadian Capital Management LP bought a new stake in PROS during the third quarter valued at $13,405,000. Norges Bank bought a new stake in PROS during the fourth quarter valued at $12,436,000. Finally, Brown Advisory Inc. increased its stake in PROS by 11.4% during the fourth quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock valued at $109,171,000 after purchasing an additional 287,338 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Insider Activity

In related news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value 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 is accessible through the SEC website. In related news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value 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 is accessible through the SEC website. Also, Director Leland Jourdan sold 2,162 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the sale, the director now directly owns 13,313 shares of the company’s stock, valued at approximately $413,102.39. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

PROS Stock Performance

Shares of PRO opened at $28.58 on Monday. PROS Holdings, Inc. has a 1 year low of $26.31 and a 1 year high of $40.99. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -27.22 and a beta of 1.24. The firm has a fifty day moving average of $30.96 and a 200-day moving average of $34.38.

PROS (NYSE:PRO) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $79.84 million. During the same period last year, the firm posted ($0.28) EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts predict that PROS Holdings, Inc. will post -0.5 EPS for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of PROS in a research note on Thursday, May 23rd.

PROS Company 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.