Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Progress Software Corp shares valued at $103,194 were purchased by Gupta Yogesh K on Jul 23 ’25. At $49.14 per share, Gupta Yogesh K acquired 2,100 shares. The insider’s holdings grew to 232,396 shares worth approximately $11.42 million following the completion of this transaction.
Also, KRALL DAVID purchased 5,125 shares, netting a total of over 250,612 in proceeds. Following the buying of shares at $48.90 each, the insider now holds 100,090 shares.
Before that, FOLGER ANTHONY had sold 5,529 shares from its account. In a trade valued at $292,871, the Chief Financial Officer traded Progress Software Corp shares for $52.97 each. Upon closing the transaction, the insider’s holdings decreased to 5,529 shares, worth approximately $2.14 million.
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 -0.78% to $49.12. The stock’s lowest price that day was $48.82, but it reached a high of $49.825 in the same session. During the last five days, there has been a drop of approximately -0.70%. Over the course of the year, Progress Software Corp shares have dropped approximately -15.16%.
Support And Resistance Levels for Progress Software Corp (PRGS)
RSI (Relative Strength Index) is 34.90 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 rise in short interest on 2025-07-15 jumping by 0.59 million shares to 6.19 million. Data from Yahoo Finance shows that the short interest on 2025-06-13 was 5.6 million shares. A jump of 9.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.42 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.42.
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 79 in the next 12 months, up nearly 59.6% from the previous closing price of $49.5. Analysts anticipate Progress Software Corp stock to reach 83 by 2025, with the lowest price target being 75. 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.
