Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Progress Software Corp shares valued at $74,351 were purchased by Gawlick Rainer on Aug 12 ’25. At $43.48 per share, Gawlick Rainer acquired 1,710 shares. The insider’s holdings grew to 55,544 shares worth approximately $2.5 million following the completion of this transaction.
Also, Gupta Yogesh K purchased 2,100 shares, netting a total of over 103,194 in proceeds. Following the buying of shares at $49.14 each, the insider now holds 232,396 shares.
Before that, KRALL DAVID had added 5,125 shares to its account. In a trade valued at $250,612, the Director bought Progress Software Corp shares for $48.90 each. Upon closing the transaction, the insider’s holdings increased to 5,125 shares, worth approximately $4.5 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 -2.52% to $44.95. The stock’s lowest price that day was $44.83, but it reached a high of $45.92 in the same session. During the last five days, there has been a surge of approximately 3.05%. Over the course of the year, Progress Software Corp shares have dropped approximately -19.15%. Shares of the company reached a 52-week high of $65.73 on 01/02/25 and a 52-week low of $42.88 on 08/07/25.
Support And Resistance Levels for Progress Software Corp (PRGS)
According to the 24-hour chart, there is a support level at 44.55, which, if violated, would cause prices to drop to 44.14. In the upper region, resistance lies at 45.64. The next price resistance is at 46.32. RSI (Relative Strength Index) is 36.35 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 2025-07-31 dropping by 20141.0 shares to 5.69 million. Data from Yahoo Finance shows that the short interest on 2025-06-30 was 5.71 million shares. A decline of -0.35% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.99 of the overall float, the days-to-cover ratio (short ratio) decline to 3.99.
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 71.33% from the previous closing price of $46.11. 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.
