On July 1, 2025, Sundar Subramanian, Executive Vice President and General Manager of Infrastructure Management at Progress Software Corp (PRGS, Financial), sold 501 shares of the company. Following this transaction, the insider now owns 28,169 shares of the company. The details of this transaction can be found in the SEC Filing.
Progress Software Corp (PRGS) is a global software company that provides the best products to develop, deploy, and manage high-impact business applications. The company offers solutions for application development, data connectivity, and digital experience technologies.
Over the past year, Sundar Subramanian has sold a total of 1,150 shares and has not purchased any shares. The insider transaction history for Progress Software Corp indicates that there have been no insider buys in total over the past year, while there have been 20 insider sells during the same period.
On the day of the recent sale, shares of Progress Software Corp were trading at $60.30 each, giving the stock a market cap of $2.323 billion. The company's price-earnings ratio stands at 41.15, which is higher than the industry median of 28 and also higher than the company’s historical median price-earnings ratio.
With a price of $60.30 and a GuruFocus Value of $72.33, Progress Software Corp has a price-to-GF-Value ratio of 0.83. This suggests that the stock is modestly undervalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance 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.
