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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 OptionsDetailed Quotes
PRGS240719C47500
- 8.00
- -1.28-13.79%
15min DelayClose Jul 19 15:59 ET
8.00High6.50Low
6.50Open9.28Pre Close2 Volume93 Open Interest47.50Strike Price1.45KTurnover974.45%IV-0.07%PremiumJul 19, 2024Expiry Date8.04Intrinsic Value100Multiplier0DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type0.9524Delta0.0185Gamma6.81Leverage Ratio-7.1102Theta0.0000Rho6.49Eff Leverage0.0005Vega
Intraday
- 5D
- Daily
News
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
Wedbush Maintains Progress Software(PRGS.US) With Buy Rating, Raises Target Price to $68
Wedbush analyst Daniel Ives maintains $Progress Software(PRGS.US)$ with a buy rating, and adjusts the target price from $67 to $68.According to TipRanks data, the analyst has a success rate of 55.6%
Express News | Progress Software Corp : Wedbush Raises Target Price to $68 From $67
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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