Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Progress Software Corp shares valued at $18,896 were sold by Pitt Ian on Oct 06 ’25. At $46.20 per share, Pitt Ian sold 409 shares. The insider’s holdings dropped to 7,368 shares worth approximately $0.31 million following the completion of this transaction.
Also, IAN PITT purchased 409 shares, netting a total of over 18,884 in proceeds.
Before that, WANG YUFAN STEPHANIE had sold 1,428 shares from its account. In a trade valued at $66,059, the Chief Legal Officer traded Progress Software Corp shares for $46.26 each. Upon closing the transaction, the insider’s holdings decreased to 1,428 shares, worth approximately $28430.08.
As published in a research note from Citigroup on October 13, 2025, Progress Software Corp [PRGS] has been rated up from a Neutral to a Buy and the price target has been revised to $57. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. Earlier on September 09, 2022, Jefferies initiated its rating. Their recommendation was “a Hold” for PRGS stock.
Analyzing PRGS Stock Performance
On last trading session, Progress Software Corp [NASDAQ: PRGS] plunged -7.11% to $42.56. The stock’s lowest price that day was $42.255, but it reached a high of $45.6441 in the same session. During the last five days, there has been a drop of approximately -6.81%. Over the course of the year, Progress Software Corp shares have dropped approximately -34.42%. Shares of the company reached a 52-week high of $65.73 on 01/02/25 and a 52-week low of $40.29 on 09/25/25.
Support And Resistance Levels for Progress Software Corp (PRGS)
According to the 24-hour chart, there is a support level at 41.33, which, if violated, would cause prices to drop to 40.10. In the upper region, resistance lies at 44.72. The next price resistance is at 46.88. RSI (Relative Strength Index) is 39.24 on the 14-day chart, showing neutral technical sentiment.
Is Progress Software Corp subject to short interest?
Stocks of Progress Software Corp saw a sharp steep in short interest on 2025-10-15 dropping by -0.72 million shares to 5.0 million. Data from Yahoo Finance shows that the short interest on 2025-09-15 was 5.72 million shares. A decline of -14.29% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.18 of the overall float, the days-to-cover ratio (short ratio) decline to 4.18.
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 63.68% from the previous closing price of $45.82. Analysts anticipate Progress Software Corp stock to reach 83 by 2025, with the lowest price target being 50. In spite of this, 7 analysts ranked Progress Software Corp stock as Buy at the end of 2025. On August 12, 2022, Guggenheim assigned a price target of “a Buy” to the stock and initiated coverage with a $60.
