SVP, CTO, Head of Corp. Dev. of Progress Software Corp. (PRGS) John Bates sells 5,163 shares of PRGS on 10/11/2010 at an average price of $34.75 a share.

Progress Software Corp. has a market cap of $1.52 billion; its shares were traded at around $35.1 with a P/E ratio of 17.7 and P/S ratio of 3. Progress Software Corp. had an annual average earning growth of 9.4% over the past 10 years. GuruFocus rated Progress Software Corp. the business predictability rank of 1-star.

PRGS is in the portfolios of Private Capital of Private Capital Management, John Buckingham of Al Frank Asset Management, Inc., George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of PRGS over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PRGS.

CEO Recent Trades:

• Sell: President and CEO. Richard Reidy sold 33,864 shares of PRGS stock on 04/27/2010 at the average price of 32.2. Richard Reidy owns at least 108,430 shares after this. The price of the stock has increased by 9.01% since.

CFO Recent Trades:

• Sell: Senior VP, Finance and CFO Norman R Robertson sold 23,000 shares of PRGS stock on 05/03/2010 at the average price of 32.41. Norman R Robertson owns at least 13,563 shares after this. The price of the stock has increased by 8.3% since.


• Sell: Senior VP, Finance and CFO Norman R Robertson sold 110,000 shares of PRGS stock on 04/29/2010 at the average price of 32.34. Norman R Robertson owns at least 13,563 shares after this. The price of the stock has increased by 8.53% since.

This is the insider trade history vs. stock price of PRGS. For the complete insider trading history of PRGS, click here.

Directors and Officers Recent Trades:

• Sell: EVP, Chief Product Officer Robert Levy sold 3,376 shares of PRGS stock on 10/04/2010 at the average price of 33.05. Robert Levy owns at least 26,667 shares after this. The price of the stock has increased by 6.2% since.


• Sell: EVP, Chief Marketing Officer Gary G Conway sold 14,333 shares of PRGS stock on 08/02/2010 at the average price of 30.04. Gary G Conway owns at least 14,576 shares after this. The price of the stock has increased by 16.84% since.


• Sell: Senior VP & General Counsel James Freedman sold 8,000 shares of PRGS stock on 05/03/2010 at the average price of 32.39. James Freedman owns at least 13,856 shares after this. The price of the stock has increased by 8.37% since.


• Sell: Senior VP & General Counsel James Freedman sold 6,000 shares of PRGS stock on 04/26/2010 at the average price of 32.29. James Freedman owns at least 7,795 shares after this. The price of the stock has increased by 8.7% since.


• Sell: VP and Corporate Controller David H Benton sold 33,007 shares of PRGS stock on 04/23/2010 at the average price of 32.18. David H Benton owns at least 22,197 shares after this. The price of the stock has increased by 9.07% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool