In a filing, Progress Software Corp revealed its Officer IAN PITT acquired Company’s shares for reported $0.14 million on Jun 30 ’25. In the deal valued at $63.76 per share,2,186 shares were bought.
Then, Jarrett Loren sold 34,093 shares, generating $2,083,082 in total proceeds. Upon selling the shares at $61.10, the EVP/GM Digital Experience now owns 11,747 shares.
Before that, LOREN JARRETT bought 34,093 shares. Progress Software Corp shares valued at $2,105,584 were divested by the Officer at a price of $61.76 per share.
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 Monday, Progress Software Corp [NASDAQ:PRGS] saw its stock jump 0.13% to $63.84. Over the last five days, the stock has gained 0.44%. Progress Software Corp shares have risen nearly 16.20% since the year began. Nevertheless, the stocks have fallen -2.01% over the past one year. While a 52-week high of $70.56 was reached on 01/02/25, a 52-week low of $50.68 was recorded on 03/31/25.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 62.79, which if violated will result in even more drops to 61.75. On the upside, there is a resistance level at 65.19. A further resistance level may holdings at 66.55.
How much short interest is there in Progress Software Corp?
A steep rise in short interest was recorded in Progress Software Corp stocks on 2025-06-13, dropping by 47287.0 shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 5.65 million shares. There was a decline of -0.84%, which implies that there is a negative 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.
