Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Progress Software Corp shares valued at $2,083,082 were sold by Jarrett Loren on May 09 ’25. At $61.10 per share, Jarrett Loren sold 34,093 shares. The insider’s holdings dropped to 11,747 shares worth approximately $0.73 million following the completion of this transaction.
Also, LOREN JARRETT purchased 34,093 shares, netting a total of over 2,105,584 in proceeds.
Before that, WANG YUFAN STEPHANIE had sold 1,428 shares from its account. In a trade valued at $83,210, the Chief Legal Officer traded Progress Software Corp shares for $58.27 each. Upon closing the transaction, the insider’s holdings decreased to 1,428 shares, worth approximately $0.0.
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 surge of approximately 0.06%. Over the course of the year, Progress Software Corp shares have dropped approximately -5.08%. 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.
Support And Resistance Levels for Progress Software Corp (PRGS)
According to the 24-hour chart, there is a support level at 61.46, which, if violated, would cause prices to drop to 61.09. In the upper region, resistance lies at 62.46. The next price resistance is at 63.09. RSI (Relative Strength Index) is 57.66 on the 14-day chart, showing neutral technical sentiment.
