PROS Holdings, Inc. (NYSE:PRO) Shares Sold by BB&T Corp

BB&T Corp lessened its holdings in PROS Holdings, Inc. (NYSE:PRO) by 21.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,893 shares of the software maker’s stock after selling 1,590 shares during the period. BB&T Corp’s holdings in PROS were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of PRO. Strs Ohio acquired a new stake in shares of PROS during the 2nd quarter worth $25,000. Stephens Inc. AR grew its holdings in shares of PROS by 8.4% during the 3rd quarter. Stephens Inc. AR now owns 2,331 shares of the software maker’s stock worth $139,000 after purchasing an additional 180 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of PROS during the 2nd quarter worth $145,000. Convergence Investment Partners LLC acquired a new stake in shares of PROS during the 3rd quarter worth $147,000. Finally, Aperio Group LLC acquired a new stake in shares of PROS during the 2nd quarter worth $168,000. Institutional investors and hedge funds own 95.68% of the company’s stock.

In other news, CFO Stefan B. Schulz sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $58.61, for a total value of $117,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andres Reiner sold 25,415 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $70.60, for a total value of $1,794,299.00. Following the completion of the transaction, the chief executive officer now directly owns 697,072 shares of the company’s stock, valued at approximately $49,213,283.20. The disclosure for this sale can be found here. Insiders have sold a total of 88,797 shares of company stock valued at $5,304,734 over the last 90 days. 13.70% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on PRO shares. Zacks Investment Research lowered PROS from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Northland Securities reaffirmed a “buy” rating and issued a $72.00 price objective on shares of PROS in a research note on Friday, October 25th. ValuEngine raised PROS from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. KeyCorp raised their price objective on PROS from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 27th. Finally, Craig Hallum dropped their target price on PROS to $80.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $71.91.

PROS stock traded down $1.83 during mid-day trading on Monday, reaching $60.46. The stock had a trading volume of 539,470 shares, compared to its average volume of 397,725. PROS Holdings, Inc. has a fifty-two week low of $28.67 and a fifty-two week high of $75.39. The stock’s 50-day simple moving average is $55.86 and its 200-day simple moving average is $61.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $2.62 billion, a PE ratio of -55.47 and a beta of 1.14.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.21). The firm had revenue of $64.20 million during the quarter, compared to analysts’ expectations of $63.32 million. PROS had a negative return on equity of 41.04% and a negative net margin of 27.26%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) EPS. On average, research analysts forecast that PROS Holdings, Inc. will post -0.8 earnings per share for the current fiscal year.

PROS Company Profile

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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