Progress Software Corp. (PRGS) SVP, CTO, Head of Corp. Dev. John Bates sells 35,000 Shares

SVP, CTO, Head of Corp. Dev. of Progress Software Corp. (PRGS) John Bates sells 35,000 shares of PRGS on 01/24/2012 at an average price of $20.9 a share.

Progress Software Corp. has a market cap of $1.37 billion; its shares were traded at around $21.81 with a P/E ratio of 18.3 and P/S ratio of 2.5. Progress Software Corp. had an annual average earning growth of 8% over the past 10 years. GuruFocus rated Progress Software Corp. the business predictability rank of 3-star.

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:

• President and CEO. Richard Reidy sold 113,589 shares of PRGS stock on 10/27/2011 at the average price of 22.24. Richard Reidy owns at least 96,243 shares after this. The price of the stock has decreased by 1.93% since.
• President and CEO. Richard Reidy sold 80,790 shares of PRGS stock on 10/19/2011 at the average price of 21.05. Richard Reidy owns at least 96,243 shares after this. The price of the stock has increased by 3.61% since.
• President and CEO. Richard Reidy sold 258,334 shares of PRGS stock on 10/11/2011 at the average price of 19.95. Richard Reidy owns at least 102,033 shares after this. The price of the stock has increased by 9.32% since.
• President and CEO. Richard Reidy sold 62,499 shares of PRGS stock on 08/03/2011 at the average price of 22.73. Richard Reidy owns at least 141,666 shares after this. The price of the stock has decreased by 4.05% 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:

• Director Philip M Pead bought 28,000 shares of PRGS stock on 01/11/2012 at the average price of 18.42. Philip M Pead owns at least 42,472 shares after this. The price of the stock has increased by 18.4% since.
• Director Ram Gupta sold 625 shares of PRGS stock on 01/03/2012 at the average price of 19.77. Ram Gupta owns at least 4,630 shares after this. The price of the stock has increased by 10.32% since.
• Director Ram Gupta sold 625 shares of PRGS stock on 12/01/2011 at the average price of 20.36. Ram Gupta owns at least 4,005 shares after this. The price of the stock has increased by 7.12% since.
• Director Ram Gupta sold 625 shares of PRGS stock on 12/01/2011 at the average price of 20.36. Ram Gupta owns at least 4,005 shares after this. The price of the stock has increased by 7.12% since.
• EVP, Global Field Operations Christopher Larsen sold 5,000 shares of PRGS stock on 11/02/2011 at the average price of 20.98. Christopher Larsen owns at least 39,778 shares after this. The price of the stock has increased by 3.96% since.

For the complete insider trading history of PRGS, click here.

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

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