On February 3, 2025, Domenic Lococo, Chief Accounting Officer of Progress Software Corp (PRGS, Financial), sold 1,000 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 4,303 shares of the company.
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 management.
Over the past year, Domenic Lococo has sold a total of 7,386 shares and has not purchased any shares. The insider transaction history for Progress Software Corp indicates that there have been 0 insider buys and 21 insider sells over the same period.
On the day of the recent sale, shares of Progress Software Corp were trading at $56.24, giving the stock a market cap of $2.486 billion. The company's price-earnings ratio stands at 36.75, which is higher than the industry median of 26.55 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $56.24 and a GF Value of $67.00, Progress Software Corp has a price-to-GF-Value ratio of 0.84, indicating 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 historical multiples, a GuruFocus adjustment factor, and 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.
