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Progress Software Reports Strong Earnings and Attracts Institutional Investment

Progress Software's stock surged 15% following a strong earnings report, with EPS of $1.26 surpassing estimates. The company, which has a market cap of $2.99 billion, reported a revenue increase of 1.7% year-over-year, reaching $178.69 million. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $67.67. Insider transactions included CFO Anthony Folger selling 7,797 shares, reducing his stake by 18.76%. Zurcher Kantonalbank increased its position by 137.1%, now holding 23,685 shares valued at approximately $1.6 million.
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Progress Software Corporation USA Ian Pitter Glennie Anthony Folger
TradFi, Market Report
09:45 05.12.2024
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