The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Progress Software Corp shares valued at $39,572 were sold by Pitt Ian on Apr 04 ’25. At $56.29 per share, Pitt Ian sold 703 shares. The insider’s holdings dropped to 8,317 shares worth approximately $0.47 million following the completion of this transaction.
Also, IAN PITT purchased 703 shares, netting a total of over 40,767 in proceeds.
Before that, LoCoco Domenic had sold 7,185 shares from its account. In a trade valued at $410,407, the Chief Accounting Officer traded Progress Software Corp shares for $57.12 each. Upon closing the transaction, the insider’s holdings decreased to 7,185 shares, worth approximately $0.33 million.
As published in their initiating research note from DA Davidson on March 28, 2024, Progress Software Corp [PRGS] has been a Buy and the price target has been revised to $65. As of September 09, 2022, Jefferies has initiated its “Hold” rating for PRGS. Earlier on August 12, 2022, Guggenheim initiated its rating. Their recommendation was “a Buy” for PRGS stock.
Analyzing PRGS Stock Performance
During the last five days, there has been a drop of approximately -1.98%. Over the course of the year, Progress Software Corp shares have dropped approximately -12.76%. Shares of the company reached a 52-week high of $65.73 on 01/02/25 and a 52-week low of $50.68 on 03/31/25. A 50-day SMA is recorded $55.92, while a 200-day SMA reached $60.20.
Support And Resistance Levels for Progress Software Corp (PRGS)
According to the 24-hour chart, there is a support level at 55.76, which, if violated, would cause prices to drop to 54.69. In the upper region, resistance lies at 57.67. The next price resistance is at 58.51. RSI (Relative Strength Index) is 53.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 28.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
