Progress Software Corp’s filing revealed that its Officer IAN PITT acquired Company’s shares for reported $40767.0 on Apr 04 ’25. In the deal valued at $57.99 per share,703 shares were bought.
Then, LoCoco Domenic sold 7,185 shares, generating $410,407 in total proceeds. Upon selling the shares at $57.12, the Chief Accounting Officer now owns 5,762 shares.
Before that, LoCoco Domenic sold 1,000 shares. Progress Software Corp shares valued at $56,240 were divested by the Chief Accounting Officer at a price of $56.24 per share. As a result of the transaction, LoCoco Domenic now holds 4,303 shares, worth roughly $0.24 million.
DA Davidson initiated its Progress Software Corp [PRGS] rating to a Buy in a research note published on March 28, 2024; the price target was $65. Jefferies began covering PRGS with “Hold” recommendation on September 09, 2022. Guggenheim started covering the stock on August 12, 2022. It rated PRGS as “a Buy”.
Price Performance Review of PRGS
On Monday, Progress Software Corp [NASDAQ:PRGS] saw its stock jump 0.50% to $56.45. Over the last five days, the stock has gained 9.59%. Progress Software Corp shares have fallen nearly -13.35% since the year began. Nevertheless, the stocks have risen 10.56% over the past one year. While a 52-week high of $70.56 was reached on 01/02/25, a 52-week low of $48.00 was recorded on 03/31/25. SMA at 50 days reached $55.88, while 200 days put it at $60.08.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 54.29, which if violated will result in even more drops to 52.12. On the upside, there is a resistance level at 58.04. A further resistance level may holdings at 59.62. The Relative Strength Index (RSI) on the 14-day chart is 52.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.28%. Stochastics %K at 71.58% indicates the stock is a holding.
How much short interest is there in Progress Software Corp?
A steep rise in short interest was recorded in Progress Software Corp stocks on 2025-03-14, growing by 0.26 million shares to a total of 5.94 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 5.68 million shares. There was a rise of 4.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 22, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
