On February 9, 2024, EVP/GM Infrastructure Mgmt Sundar Subramanian executed a sale of 2,475 shares of Progress Software Corp (PRGS, Financial), as reported in a SEC Filing. Over the past year, the insider has sold a total of 15,618 shares and has not made any purchases of the company's stock.
Progress Software Corp is a global software company that provides the best products to develop, deploy, and manage high-impact business applications. The company's comprehensive product stack is designed to make technology teams more productive and they have a strong emphasis on both tools for software development and data connectivity solutions for various databases, cloud services, and data systems.
The insider transaction history at Progress Software Corp indicates a pattern of sales by insiders over the past year, with 32 insider sells and no insider buys recorded.
On the date of the insider's recent transaction, shares of Progress Software Corp were trading at $57.38, giving the company a market capitalization of $2.508 billion.
The stock's price-earnings ratio stands at 36.63, surpassing both the industry median of 26.87 and the historical median price-earnings ratio for the company.
With the current share price of $57.38 and a GuruFocus Value of $63.06, the price-to-GF-Value ratio is 0.91, indicating that Progress Software Corp is Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
