Dragoneer Investment Group LLC acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 72,278 shares of the software maker’s stock, valued at approximately $1,748,000. PROS Holdings accounts for about 0.3% of Dragoneer Investment Group LLC’s portfolio, making the stock its 19th largest position. Dragoneer Investment Group LLC owned about 0.23% of PROS Holdings as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in PROS Holdings by 7.6% in the fourth quarter. State Street Corp now owns 450,119 shares of the software maker’s stock worth $9,685,000 after buying an additional 31,719 shares during the last quarter. Brown Advisory Inc. boosted its stake in PROS Holdings by 20.0% in the fourth quarter. Brown Advisory Inc. now owns 57,271 shares of the software maker’s stock worth $1,233,000 after buying an additional 9,555 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in PROS Holdings during the fourth quarter worth about $315,000. Disciplined Growth Investors Inc. MN boosted its stake in PROS Holdings by 9.7% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 324,875 shares of the software maker’s stock worth $6,991,000 after buying an additional 28,700 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in PROS Holdings by 40.7% in the fourth quarter. Renaissance Technologies LLC now owns 266,800 shares of the software maker’s stock worth $5,742,000 after buying an additional 77,200 shares during the last quarter. 89.48% of the stock is owned by institutional investors.
Shares of PROS Holdings, Inc. (NYSE:PRO) traded up 0.51% during trading on Thursday, hitting $27.79. The stock had a trading volume of 135,718 shares. PROS Holdings, Inc. has a 52 week low of $15.49 and a 52 week high of $30.49. The company’s 50 day moving average price is $27.20 and its 200 day moving average price is $23.80. The company’s market capitalization is $873.55 million.
PROS Holdings (NYSE:PRO) last posted its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.21%. The business had revenue of $40.13 million for the quarter, compared to the consensus estimate of $38.60 million. Analysts predict that PROS Holdings, Inc. will post ($0.88) earnings per share for the current year.
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A number of analysts have recently issued reports on PRO shares. Needham & Company LLC raised their price objective on PROS Holdings from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Zacks Investment Research raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Stifel Nicolaus raised their price objective on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG raised their price objective on PROS Holdings to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. PROS Holdings presently has an average rating of “Buy” and a consensus price target of $30.25.
In related news, CEO Andres Reiner sold 13,579 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $23.69, for a total value of $321,686.51. Following the transaction, the chief executive officer now owns 473,942 shares in the company, valued at $11,227,685.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leslie J. Rechan acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $25.54 per share, for a total transaction of $102,160.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 158,976 shares of company stock worth $4,043,736. 17.20% of the stock is owned by company insiders.
PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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