PROS (NYSE:PRO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

PROS Holdings, Inc. (NYSE:PRO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.56 and traded as high as $25.36. PROS shares last traded at $25.04, with a volume of 282,825 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRO. Robert W. Baird lifted their price objective on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. KeyCorp lifted their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Stifel Nicolaus increased their price target on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Finally, StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

PROS Price Performance

The stock has a 50 day moving average price of $23.86 and a 200-day moving average price of $21.56. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -56.92 and a beta of 1.22.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, research analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of PROS by 570.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock valued at $4,929,000 after buying an additional 226,443 shares during the period. Barclays PLC lifted its holdings in PROS by 345.4% in the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after acquiring an additional 184,856 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in PROS by 3,489.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after acquiring an additional 260,886 shares during the period. Point72 Asset Management L.P. increased its stake in PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after acquiring an additional 22,903 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in PROS during the third quarter worth $17,921,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.