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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US Stock MarketDetailed Quotes
PRGS Progress Software
- 55.390
- -0.150-0.27%
Trading Jul 22 11:54 ET
2.37BMarket Cap33.98P/E (TTM)
55.580High55.150Low36.01KVolume55.580Open55.540Pre Close1.99MTurnover0.09%Turnover Ratio35.28P/E (Static)42.78MShares61.54052wk High5.90P/B2.35BFloat Cap48.00052wk Low0.70Dividend TTM42.38MShs Float61.540Historical High1.26%Div YieldTTM0.77%Amplitude2.497Historical Low55.363Avg Price1Lot Size
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News
Zacks Industry Outlook Highlights Intuit, Progress Software and Canaan
3 Software Stocks to Keep an Eye on in a Troubled Industry
Uncertainties related to global macroeconomic conditions and Inflationary pressure are a persistent concern for the Zacks Computer Software industry participants.
Insider Selling at Progress Software Corp (PRGS): EVP/GM Digital Experience Loren Jarrett Sells ...
Progress Software Is Maintained at Outperform by Wedbush
Progress Software Is Maintained at Outperform by
Expert Outlook: Progress Software Through The Eyes Of 5 Analysts
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Progress Software (NASDAQ:PRGS) in the last three months.The following table provides a quick
Progress Software Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 19.3% Wedbush $67 → $68 Maintains Outperform 06/26/2024 14.04% DA Davidson $65 → $65
Comments
The recent insider selling of Progress Software shares, particularly by Independent Director Charles Kane, and the lack of any insider buying over the past year, raises some caution for potential investors. The level of insider ownership is not outstanding, suggesting only some alignment between management and smaller shareholders.
1
The CFO's statement suggests a bullish outlook for the company, indicating that the new credit facility and recent convertible notes offering will support Progress' growth strategy and potential acquisitions.
2
Progress Software's high P/E ratio could be a concern as its projected growth simply mirrors the broader market. The elevated share price might not sustain the positive sentiment, endangering shareholders' investments and making potential investors pay excessive premiums.
Investors are questioning the sale of shares by insiders, given the lack of insider buying in the past year and the sale price close to the current price. However, modest insider ownership suggests some alignment between management and smaller shareholders.
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