PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 42.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,880 shares of the software maker’s stock after selling 53,160 shares during the quarter. Lisanti Capital Growth LLC’s holdings in PROS were worth $2,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRO. Vanguard Group Inc. boosted its holdings in PROS by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,810,501 shares of the software maker’s stock valued at $166,540,000 after purchasing an additional 174,661 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of PROS by 0.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,250,044 shares of the software maker’s stock worth $126,069,000 after acquiring an additional 23,765 shares during the last quarter. FMR LLC lifted its holdings in shares of PROS by 94.2% in the 3rd quarter. FMR LLC now owns 2,561,817 shares of the software maker’s stock worth $88,690,000 after acquiring an additional 1,242,334 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of PROS by 116.0% in the 3rd quarter. Deutsche Bank AG now owns 804,051 shares of the software maker’s stock worth $27,836,000 after acquiring an additional 431,793 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of PROS by 2.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 683,612 shares of the software maker’s stock worth $23,667,000 after acquiring an additional 13,262 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRO. KeyCorp upgraded shares of PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 price objective on the stock in a report on Friday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of PROS in a report on Monday, March 4th.

Insider Buying and Selling at PROS

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.92, for a total value of $215,520.00. Following the sale, the chief financial officer now directly owns 260,223 shares of the company’s stock, valued at approximately $9,347,210.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

PROS Trading Up 0.1 %

PRO traded up $0.04 during trading hours on Monday, hitting $32.93. 363,567 shares of the company’s stock were exchanged, compared to its average volume of 303,267. PROS Holdings, Inc. has a 12-month low of $24.61 and a 12-month high of $40.99. The firm has a 50 day moving average of $35.21 and a 200 day moving average of $35.73. The firm has a market cap of $1.55 billion, a P/E ratio of -26.92 and a beta of 1.18.

PROS (NYSE:PRO) last announced its earnings results on Thursday, February 8th. The software maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of $77.48 million for the quarter, compared to analysts’ expectations of $76.70 million. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, research analysts expect that PROS Holdings, Inc. will post -0.54 EPS for the current fiscal year.

About PROS

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.