Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Progress Software Corp shares valued at $142,549 were sold by Pitt Ian on Jun 30 ’25. At $65.21 per share, Pitt Ian sold 2,186 shares. The insider’s holdings dropped to 6,513 shares worth approximately $0.35 million following the completion of this transaction.
Also, Subramanian Sundar sold 501 shares, netting a total of over 30,210 in proceeds. Following the sale of shares at $60.30 each, the insider now holds 28,169 shares.
Before that, SUNDAR SUBRAMANIAN had added 501 shares to its account. In a trade valued at $31,984, the Officer bought Progress Software Corp shares for $63.84 each.
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
On last trading session,, Progress Software Corp [NASDAQ: PRGS] plunged -2.92% to $53.9. The stock’s lowest price that day was $53.57, but it reached a high of $56.58 in the same session. During the last five days, there has been a drop of approximately -15.21%. Over the course of the year, Progress Software Corp shares have dropped approximately -0.66%. 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 52.79, which, if violated, would cause prices to drop to 51.67. In the upper region, resistance lies at 55.80. The next price resistance is at 57.69. RSI (Relative Strength Index) is 23.02 on the 14-day chart, showing oversold technical sentiment.
Is Progress Software Corp subject to short interest?
Stocks of Progress Software Corp saw a sharp steep in short interest on 2025-06-13 dropping by 47287.0 shares to 5.6 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 5.65 million shares. A decline of -0.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 14.27 of the overall float, the days-to-cover ratio (short ratio) decline to 14.27.
Which companies own the most shares of Progress Software Corp (PRGS)?
In terms of Progress Software Corp share price expectations, FactSet research, analysts set an average price target of 75 in the next 12 months, up nearly 35.09% from the previous closing price of $55.52. Analysts anticipate Progress Software Corp stock to reach 83 by 2025, with the lowest price target being 70. In spite of this, 7 analysts ranked Progress Software Corp stock as Buy at the end of 2025. On October 22, 2021, JP Morgan assigned a price target of “an Overweight” to the stock and initiated coverage with a $60.
