Progress Software (NASDAQ:PRGS – Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, March 25th. Analysts expect Progress Software to post earnings of $1.04 per share and revenue of $235.64 million for the quarter.
Progress Software Stock Performance
Shares of PRGS opened at $55.34 on Tuesday. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $57.63 and a two-hundred day moving average price of $62.33. The firm has a market capitalization of $2.40 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.82 and a beta of 0.88.
Insider Activity at Progress Software
In related news, CFO Anthony Folger sold 15,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $56.30, for a total transaction of $844,500.00. Following the sale, the chief financial officer now directly owns 44,564 shares in the company, valued at approximately $2,508,953.20. The trade was a 25.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Domenic Lococo sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.24, for a total value of $56,240.00. Following the sale, the chief accounting officer now directly owns 4,303 shares in the company, valued at $242,000.72. This trade represents a 18.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,482 shares of company stock worth $984,621. Company insiders own 3.40% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on Progress Software
Progress Software Company Profile
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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