PROS Holdings Inc. [PRO] short interest surges, jumping by 2.94 million million shares

CHWY Stock
CHWY Stock

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PROS Holdings Inc. shares valued at $75,405 were sold by WILLIAMS TIMOTHY V on May 12. At $24.61 per share, WILLIAMS TIMOTHY V sold 3,064 shares. The insider’s holdings dropped to 119,731 shares worth approximately $3.52 million following the completion of this transaction.

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Also, Petersen Greg sold 2,383 shares, netting a total of over 58,646 in proceeds. Following the sale of shares at $24.61 each, the insider now holds 111,840 shares.

Before that, Jourdan Leland had sold 2,043 shares from its account. In a trade valued at $50,278, the Director traded PROS Holdings Inc. shares for $24.61 each. Upon closing the transaction, the insider’s holdings decreased to 2,043 shares, worth approximately $0.24 million.

Analyzing PRO Stock Performance

On Wednesday, PROS Holdings Inc. [NYSE: PRO] rose 5.23% to $29.39. The stock’s lowest price that day was $28.34, but it reached a high of $30.54 in the same session. During the last five days, there has been a surge of approximately 7.62%. Over the course of the year, PROS Holdings Inc. shares have jumped approximately 21.15%. Shares of the company reached a 52-week high of $31.00 on 02/10/23 and a 52-week low of $22.76 on 01/19/23. A 50-day SMA is recorded $26.93, while a 200-day SMA reached $25.25. Nevertheless, trading volume fell to 0.55 million shares from 0.19 million shares the previous day.

Support And Resistance Levels for PROS Holdings Inc. (PRO)

According to the 24-hour chart, there is a support level at 28.31, which, if violated, would cause prices to drop to 27.22. In the upper region, resistance lies at 30.51. The next price resistance is at 31.62. RSI (Relative Strength Index) is 61.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 19.39%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is PROS Holdings Inc. subject to short interest?

Stocks of PROS Holdings Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.14 million shares to 2.94 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 2.8 million shares. A jump of 4.76% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 15.43 of the overall float, the days-to-cover ratio (short ratio) jumped to 15.43.

Which companies own the most shares of PROS Holdings Inc. (PRO)?

According to Brown Capital Management LLC filings, the company currently owns 4,539,649 shares, which is about 9.90% of the total PRO shares outstanding. The investor’s shares have plunged by -221,896 from its previous 13-F filing of 4761545.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $114,263,608. Fred Alger Management LLC acquire a 0.28% interest valued at $93.07 million while Conestoga Capital Advisors LLC purchased a 27,874 stake. A total of 250,737 shares of PROS Holdings Inc. were bought by RGM Capital LLC during the quarter, and 91,410 were bought by BlackRock Fund Advisors. In its current portfolio, Brown Advisory LLC holds 2,238,739 shares valued at $63.51 million.

In terms of PROS Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $37.43 in the next 12 months, up nearly 25.31% from the previous closing price of $27.93. Analysts anticipate PROS Holdings Inc. stock to reach $51.00 by 2023, with the lowest price target being $33.00. In spite of this, 8 analysts ranked PROS Holdings Inc. stock as a Buy at the end of 2023.


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