<div id="readability-page-1"><p>Progress Software Corporation (NASDAQ:PRGS - Get Free Report) EVP Sundar Subramanian sold 1,352 shares of Progress Software stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $42.37, for a total transaction of $57,284.24. Following the completion of the transaction, the executive vice president owned 29,066 shares of the company's stock, valued at $1,231,526.42. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.</p><div><p><span></span><span>Get <strong>Progress Software</strong> alerts:</span></p></div><h2>Progress Software Price Performance</h2><ul><li>Progress Software: Making Progress Driven by the AI Revolution</li></ul><p>Shares of NASDAQ PRGS traded up $0.46 during mid-day trading on Monday, reaching $42.89. 1,057,174 shares of the company were exchanged, compared to its average volume of 919,167. The stock has a market capitalization of $1.81 billion, a PE ratio of 25.84, a PEG ratio of 1.86 and a beta of 0.61. The company's 50 day moving average price is $42.27 and its 200 day moving average price is $44.07. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.18. Progress Software Corporation has a 52 week low of $38.54 and a 52 week high of $65.50. </p><p>Progress Software (NASDAQ:PRGS - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. The firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.86 million. Progress Software had a net margin of 7.48% and a return on equity of 43.90%. The company's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 earnings per share. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS.  Sell-side analysts forecast that  Progress Software Corporation will post 4.01 earnings per share for the current fiscal year. </p><h2>Analyst Ratings Changes</h2><ul><li>Market Got It Wrong—Why Progress Software Deserves a Second Look</li></ul><p>Several research firms recently weighed in on PRGS. DA Davidson decreased their price target on Progress Software from $75.00 to $70.00 and set a &#34;buy&#34; rating on the stock in a report on Thursday, January 15th. Weiss Ratings upgraded Progress Software from a &#34;sell (d+)&#34; rating to a &#34;hold (c-)&#34; rating in a research note on Wednesday, January 21st. Citigroup lifted their price objective on shares of Progress Software from $54.00 to $60.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday. Jefferies Financial Group dropped their price objective on Progress Software from $50.00 to $45.00 and set a &#34;hold&#34; rating on the stock in a report on Monday, January 5th. Finally, Wedbush decreased their price target on shares of Progress Software from $75.00 to $65.00 and set an &#34;outperform&#34; rating on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $64.60.</p><p><b>Get Our Latest Report on Progress Software</b></p><h2>Institutional Investors Weigh In On Progress Software</h2><ul><li>Progress Software Stock Back in the Green After Beating Forecasts</li></ul><p>A number of institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its holdings in  Progress Software by 135.1% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker's stock valued at $54,000 after purchasing an additional 604 shares during the last quarter.  AQR Capital Management LLC grew its position in  Progress Software by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 42,587 shares of the software maker's stock worth $2,194,000 after purchasing an additional 6,147 shares in the last quarter.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of  Progress Software by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,644 shares of the software maker's stock valued at $1,321,000 after buying an additional 1,454 shares during the period.  Goldman Sachs Group Inc. grew its position in  Progress Software by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker's stock worth $28,894,000 after acquiring an additional 241,515 shares in the last quarter.  Finally, Jane Street Group LLC boosted its holdings in shares of  Progress Software by 206.8% during the 1st quarter. Jane Street Group LLC now owns 111,326 shares of the software maker's stock worth $5,734,000 after buying an additional 75,044 shares during the period. </p><h2>Progress Software Company Profile</h2> (Get Free Report)<p>Progress Software <span>NASDAQ: PRGS<span></span></span> is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company's offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.  </p><p>Key products in Progress's portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Progress Software</li><li>Your Signature Is Missing – Act Before It’s Too Late</li><li>What Expenses Can Be Deducted From Capital Gains Tax?</li><li>A month before the crash</li><li>“Fed Proof” Your Bank Account with THESE 4 Simple Steps</li><li>Buy This Stock at 9:30 AM on MONDAY!</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJHUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJHUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Progress Software Right Now?</h2><p>Before you consider Progress Software, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progress Software wasn't on the list.</p><p>While Progress Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PRGS

<p>Progress Software EVP Sundar Subramanian sold 1,352 shares at $42.37 each, totaling $57,284.24, representing a 4.44% decrease in his ownership. Post-transaction, he holds 29,066 shares valued at $1,231,526.42. The sale was disclosed to the SEC. Progress Software's stock traded at $42.89, with a market cap of $1.81 billion. The company reported $1.51 EPS for the last quarter, exceeding estimates, and set FY 2026 guidance at 1.74-1.910 EPS. Analysts have mixed ratings, with a consensus target price of $64.60.</p>

Progress Software (NASDAQ:PRGS) EVP Sells $57,284.24 in Stock