PROGRESS SOFTWARE ($PRGS) posted quarterly earnings results on Monday, March 31st. The company reported earnings of $1.31 per share, beating estimates of $1.08 by $0.23. The company also reported revenue of $238,020,000, missing estimates of $240,345,078 by $-2,325,078.
You can see Quiver Quantitative's $PRGS stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
PROGRESS SOFTWARE Insider Trading Activity
PROGRESS SOFTWARE insiders have traded $PRGS stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 5 sales selling 22,797 shares for an estimated $1,369,976.
- LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 3 sales selling 11,740 shares for an estimated $666,789.
- YOGESH K GUPTA (Chief Executive Officer) sold 8,028 shares for an estimated $537,916
- DOMENIC LOCOCO (Chief Accounting Officer) has made 0 purchases and 4 sales selling 7,086 shares for an estimated $445,865.
- IAN PITT (Chief Information Officer) has made 0 purchases and 2 sales selling 3,229 shares for an estimated $197,558.
- YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $93,177
- SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 649 shares for an estimated $41,548
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
PROGRESS SOFTWARE Hedge Fund Activity
We have seen 151 institutional investors add shares of PROGRESS SOFTWARE stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. added 1,140,626 shares (+45918.9%) to their portfolio in Q4 2024, for an estimated $74,311,783
- JEFFERIES FINANCIAL GROUP INC. added 662,881 shares (+4750.5%) to their portfolio in Q4 2024, for an estimated $43,186,697
- NOMURA HOLDINGS INC removed 520,337 shares (-53.8%) from their portfolio in Q4 2024, for an estimated $33,899,955
- LEUTHOLD GROUP, LLC removed 409,752 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $26,695,342
- NATIXIS added 384,700 shares (+287.1%) to their portfolio in Q4 2024, for an estimated $25,063,205
- MARSHALL WACE, LLP removed 352,934 shares (-79.6%) from their portfolio in Q4 2024, for an estimated $22,993,650
- JPMORGAN CHASE & CO removed 294,689 shares (-56.9%) from their portfolio in Q4 2024, for an estimated $19,198,988
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
PROGRESS SOFTWARE Government Contracts
We have seen $52,451 of award payments to $PRGS over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- MAINTENANCE RENEWAL OF PROGRESS WHATSUP GOLD PACKAGE: $14,897
- MONITORING 100-6X65B3STIS0KD25: $13,990
- PROGRESS DEVCRAFT COMPLETE DEV LICENSE RENEWAL: $11,461
- TELERIK DEVCRAFT SOFTWARE: $8,070
- PROGRESS DEVCRAFT COMPLETE DEVELOPER SOFTWARE LICENSE: $4,032
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
PROGRESS SOFTWARE Analyst Ratings
Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wedbush issued a "Buy" rating on 10/22/2024
- Oppenheimer issued a "Outperform" rating on 10/22/2024
To track analyst ratings and price targets for PROGRESS SOFTWARE, check out Quiver Quantitative's $PRGS forecast page.
PROGRESS SOFTWARE Price Targets
Multiple analysts have issued price targets for $PRGS recently. We have seen 2 analysts offer price targets for $PRGS in the last 6 months, with a median target of $75.0.
Here are some recent targets:
- Brent Thill from Jefferies set a target price of $70.0 on 01/06/2025
- Ittai Kidron from Oppenheimer set a target price of $80.0 on 10/22/2024
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
