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 $0.75 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
On last trading session,, Progress Software Corp [NASDAQ: PRGS] plunged -1.53% to $63.57. The stock’s lowest price that day was $63.355, but it reached a high of $64.6535 in the same session. During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, Progress Software Corp shares have jumped approximately 29.92%. 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 63.07, which, if violated, would cause prices to drop to 62.56. In the upper region, resistance lies at 64.36. The next price resistance is at 65.16. RSI (Relative Strength Index) is 55.41 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 2025-05-30 dropping by -0.19 million shares to 5.54 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 5.73 million shares. A decline of -3.36% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 12.75 of the overall float, the days-to-cover ratio (short ratio) decline to 12.75.
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 70 in the next 12 months, up nearly 8.43% from the previous closing price of $64.56. Analysts anticipate Progress Software Corp stock to reach 70 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.
