Progress Software Corp’s recently made public that its EVP/GM Digital Experience Jarrett Loren unloaded Company’s shares for reported $2.08 million on May 09 ’25. In the deal valued at $61.10 per share,34,093 shares were sold. As a result of this transaction, Jarrett Loren now holds 11,747 shares worth roughly $0.72 million.
Then, LOREN JARRETT bought 34,093 shares, generating $2,105,584 in total proceeds.
Before that, WANG YUFAN STEPHANIE sold 1,428 shares. Progress Software Corp shares valued at $83,210 were divested by the Chief Legal Officer at a price of $58.27 per share. As a result of the transaction, WANG YUFAN STEPHANIE now holds 0 shares, worth roughly $0.0.
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 Friday, Progress Software Corp [NASDAQ:PRGS] saw its stock fall -0.34% to $61.07. Over the last five days, the stock has lost -3.25%. Progress Software Corp shares have fallen nearly -6.26% since the year began. Nevertheless, the stocks have risen 19.02% 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 $58.15, while 200 days put it at $60.87.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 59.90, which if violated will result in even more drops to 58.74. On the upside, there is a resistance level at 61.74. A further resistance level may holdings at 62.42. The Relative Strength Index (RSI) on the 14-day chart is 53.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.66%. Stochastics %K at 46.11% 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 2025-04-30, growing by 0.37 million shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 5.36 million shares. There was a rise of 6.44%, 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.
