Insider Sell: Anthony Folger Sells Shares of Progress Software C
Anthony Folger, CFO of Progress Software Corp (PRGS), sold 4,474 shares of the company on May 19, 2026, reducing his holding to 48,802 shares. The company's stock was trading at $29.13, indicating a "Possible Value Trap" based on its GF Value of $78.47 and a price-to-GF-Value ratio of 0.37. Over the past year, insiders have sold more shares than they bought, with 3 insider buys and 11 insider sells.
Progress software CFO Anthony Folger sells $130,333 of stock
Anthony Folger, CFO of Progress Software Corp. (NASDAQ:PRGS), sold 4,474 shares totaling $130,333 on May 19, 2026, under a pre-existing trading plan. Following the sale, Folger directly owns 48,802 shares. This transaction follows recent strong Q1 2026 financial results for Progress Software, which exceeded market expectations, and an AI-powered update to their Sitefinity Generative CMS, despite a recent lowering of the price target by DA Davidson due to valuation concerns.
Progress Software (PRGS) CFO sells 4,474 shares under Rule 10b5-1 trading plan
Anthony Folger, CFO of Progress Software (PRGS), sold 4,474 shares of common stock on May 19, 2026, as part of a pre-established Rule 10b5-1 trading plan. The shares were sold in open-market transactions at weighted average prices of $29.05 and $29.96 per share. After these sales, Folger directly holds 48,802 shares of Progress Software common stock.
[Form 4] PROGRESS SOFTWARE CORP /MA Insider Trading Activity
Progress Software's Chief Legal Officer, Stephanie Yufan Wang, sold 5,019 shares of common stock on May 18, 2026, in open-market transactions. The sales were executed in two tranches at weighted average prices of $28.44 and $29.04 per share, totaling approximately $144,852. These transactions were made under a pre-existing Rule 10b5-1 trading plan adopted on January 23, 2026, indicating they were pre-planned and not reactive to recent stock volatility.
PRGS (NASDAQ) Form 144: Affiliate plans resale of 4,474 RSUs and 2,000 PSUs
PROGRESS SOFTWARE CORP (PRGS) has filed a Form 144 notice, indicating an affiliate's planned resale of 4,474 Restricted Stock Units (RSUs) and 2,000 Performance Stock Units (PSUs). The RSUs have a grant/vesting date of April 1, 2026, and the PSUs have a date of February 1, 2023. This filing is an administrative disclosure required before a public resale by an affiliate, though details on actual sales timing and methods are not provided.
PRGS (NASDAQ) affiliate files Form 144 to sell 4, (TICKER) 0?
An affiliate of Progress Software Corp (PRGS) has filed a Form 144 to sell common stock tied to equity awards. The filing indicates proposed sales of 2,475 restricted stock units (RSUs) from October 1, 2025, and 2,544 performance stock units (PSUs) from February 1, 2026. This filing, dated May 18, 2026, serves as a regulatory notice of intent to sell rather than a confirmation of completed transactions.
Is Progress Software’s (PRGS) Agentic RAG Award a Turning Point in Its Enterprise AI Strategy?
Progress Software (PRGS) recently won an Artificial Intelligence Excellence Award for its Agentic RAG SaaS platform, recognizing its ability to transform unstructured data into a governed enterprise knowledge layer. This award, coupled with the release of Sitefinity Generative CMS, signifies the company's consistent effort to integrate AI into its core offerings. While the award validates Progress Software's push into production-ready AI, investors are advised to consider the broader investment narrative, including management of costs, complexity, integration, and capital allocation risks.
139,915 Shares in Progress Software Corporation $PRGS Purchased by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. has acquired a new stake of 139,915 shares in Progress Software Corporation (NASDAQ:PRGS), valued at approximately $6.01 million, as disclosed in their latest 13F filing. This purchase represents about 0.33% of the company. Despite some recent analyst price target cuts, Progress Software maintains a "Moderate Buy" consensus rating with an average price target of $52.50, following a quarter where its earnings and revenue exceeded expectations.
Are options traders betting on a big move in Progress Software stock?
This article from MSN suggests that options traders might be anticipating a significant price movement in Progress Software (PRGS) stock. It implies that options activity could indicate expectations for volatility or a directional shift in the company's share price.
Progress Software Report Tests ShareFile’s Role In Accounting AI Shift
Progress Software released its 2026 State of Accounting report, highlighting the rapid adoption of AI and automation in the accounting industry while also pointing out persistent inefficiencies. The company is positioning its ShareFile offering as a solution to streamline document management and collaboration, a strategy that investors will watch closely given the company's recent stock performance. The report offers insight into Progress Software's efforts to deepen its role in document-heavy, compliance-driven workflows and addresses the risks and rewards associated with this vertical push into the accounting sector.
AI tool helping 300 legal staff handle thousands of queries wins RAG award
Progress Software's Agentic RAG SaaS platform has won a 2026 Artificial Intelligence Excellence Award in the Retrieval-Augmented Generation category. The platform converts unstructured data into an enterprise knowledge layer, enabling features like internal search and compliance, and is already used by a European law firm to assist nearly 300 professionals with thousands of legal inquiries monthly. This recognition highlights the product's innovation in making trustworthy and practical GenAI accessible, reinforcing its growing list of global AI and data innovation awards.
AI Adoption Accelerates in Accounting, Yet Fragmented Tools Keep Efficiency Just Out of Reach, According to New Progress Software Report
A new report from Progress Software, "State of Accounting 2026," reveals that while accountants are rapidly adopting AI and automation, efficiency gains are hindered by fragmented tools and inefficient workflows. Despite 98% of accountants loving their work and 84% using AI, many struggle with disconnected systems and manual processes, preventing consistent client experiences and limiting time for higher-value strategic advisory. The report emphasizes the need for integrated, secure AI-powered technology to streamline tasks and consolidate tools.
Accountants embrace AI, but tangled software slows their work
A new report from Progress Software, "State of Accounting 2026," reveals that 84% of U.S. accountants are using AI, yet fragmented tools and manual workflows prevent them from achieving full efficiency. Despite high job satisfaction, three-quarters of accountants report workflows with too many steps, and 57% feel effective but not efficient, highlighting a gap between their potential and current system limitations. The study emphasizes the critical need for integrated, secure, and AI-powered solutions to streamline processes and enable accountants to focus on higher-value client work.
AI Adoption Accelerates in Accounting, Yet Fragmented
A new report by Progress Software, "State of Accounting 2026," reveals that while accounting professionals are rapidly adopting AI and automation, their efficiency is still hampered by fragmented systems and inefficient workflows. Despite 98% of accountants loving their work, three-quarters find their workflows too complex, and many feel they can be effective but not efficient due to tool sprawl and a lack of integrated automation. The report highlights the need for secure, AI-powered technology that simplifies daily tasks and improves the client experience.
Are options traders betting on a big move in Progress Software stock?
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Are Options Traders Betting on a Big Move in Progress Software Stock?
Options traders are showing significant interest in Progress Software (PRGS) stock, with particular attention to the Jan 15, 2027 $22.50 Call due to its high implied volatility. While high implied volatility suggests an expectation of a large price movement, either up or down, analysts currently rate Progress Software as a Zacks Rank #2 (Buy). This indicates a potential trading opportunity, especially for experienced traders looking to sell premium.
Progress Software Shareholders Back Board, Pay and Plans
Progress Software shareholders re-elected nine directors, approved executive compensation, and expanded equity plan share pools at their annual meeting on May 7, 2026. They also ratified Deloitte & Touche LLP as the independent auditor for fiscal 2026, signaling strong backing for the company's current leadership and corporate governance. TipRanks' AI Analyst, Spark, rates PRGS as Neutral, citing strong cash generation and high gross margins, but notes weak technicals and a modest growth outlook.
Progress Software shareholders approve board, executive pay and plan amendments
Progress Software Corporation (NASDAQ:PRGS) shareholders approved all proposals at their annual meeting, including the election of nine directors, executive compensation, and increases in shares authorized for various stock plans. The company, which maintains 85% gross profit margins, also recently reported strong Q1 2026 financial results, surpassing market expectations, and launched an AI-powered CMS.
Progress Software (NASDAQ: PRGS) investors back board, pay and plan increases
Progress Software Corporation's stockholders approved all proposals at their annual meeting on May 7, 2026. This included electing all nine director nominees, giving advisory approval for executive officer compensation, and authorizing increased shares for the 2008 Stock Option and Incentive Plan and the 1991 Employee Stock Purchase Plan. Additionally, Deloitte & Touche LLP was ratified as the independent registered public accounting firm for fiscal 2026.
Progress Software (PRGS) Sharpened Its AI and M&A Story at the AGM, But What Really Changed?
At its 2026 AGM, Progress Software (PRGS) emphasized AI initiatives, strategic acquisitions, and rapid debt reduction, with CEO Yogesh Gupta highlighting fiscal 2025 as its strongest year. While the company reinforced its narrative of turning AI-focused products and disciplined M&A into cash-generating platforms, the article suggests these updates don't significantly alter the near-term investment balance between M&A risks and potential profitability improvements. Investors should be aware of increasing reliance on acquisitions and legacy products despite the positive outlook.
Progress Software AGM: Shareholders Approve Directors, Pay Plan and Equity Increase as CEO Touts Growth
Progress Software held its 2026 annual meeting where shareholders approved the election of nine directors, an advisory vote on executive compensation, and increases in shares for the company's equity plans. CEO Yogesh Gupta highlighted a "total growth strategy" focusing on innovation, strategic acquisitions, and customer success, reporting 2025 as the company's strongest year yet with significant revenue and EPS growth driven by AI projects. The company also reported a strong financial position and high employee satisfaction.
Vanguard (NASDAQ: PRGS) reports 5.35% ownership of Progress Software
Vanguard Capital Management reported a 5.35% beneficial ownership stake in Progress Software Corp (NASDAQ: PRGS) as of March 31, 2026, according to a Schedule 13G SEC filing. This represents 2,254,185 shares, with Vanguard exercising sole dispositive power over all these shares and sole voting power over 325,545 shares. The filing indicates Vanguard's position as a passive institutional investor.
Vanguard owns 3.50M Progress Software (NASDAQ: PRGS) shares
Vanguard Portfolio Management has reported a beneficial ownership of 3,497,598 shares of Progress Software Corp (NASDAQ: PRGS), which constitutes 8.31% of the class. The filing specifies that Vanguard holds sole voting power over 66,883 shares and sole dispositive power over all 3,497,598 shares. This disclosure highlights a significant institutional holding in Progress Software, indicating Vanguard's material investment in the company.
Boston Trust Walden Corp Has $80.32 Million Stock Holdings in Progress Software Corporation $PRGS
Boston Trust Walden Corp reduced its stake in Progress Software Corporation by 4.1% in the fourth quarter, now holding 1,869,746 shares valued at $80.32 million. Despite recent price target cuts from brokerages, the company maintains a "Moderate Buy" consensus rating with an average price target of $52.50. Progress Software exceeded analyst expectations for its last quarterly earnings, reporting $1.60 EPS against estimates of $1.57, and revenue of $248 million against $246.4 million.
A Look At Progress Software (PRGS) Valuation As Bengaluru AI Expansion Gains Ground
Progress Software (PRGS) is expanding its Bengaluru office, emphasizing India's role in its AI and customer operations despite a recent share price decline. The company is considered undervalued with a fair value of $50.83 against a current price of $30.07, driven by successful SaaS acquisitions like ShareFile that boost recurring revenue and operational efficiency. However, risks include potential cost increases or margin pressures from these integrations.
Progress Software Releases 2025 Corporate Social Responsibility Report, Underscoring Global Commitment to Giving Back
Progress Software (Nasdaq: PRGS) has released its 2025 Corporate Social Responsibility (CSR) report, highlighting a people-first culture, extensive global community programs, and advancements in sustainability. Key achievements include over 90% employee adoption of AI tools, support for more than 290 charities with 674 volunteer hours, and over 40 employee wellbeing initiatives. The report also details expanded leadership and STEM education programs, reinforcing the company's dedication to responsible and sustainable business practices.
Progress Software Releases 2025 Corporate Social Responsibility Report, Underscoring Global Commitment to Giving Back
Progress Software has announced the release of its 2025 Corporate Social Responsibility (CSR) report, highlighting the company's dedication to a people-first workplace, charitable community support, and sustainability efforts. The report details advancements in employee development, diversity, wellbeing, global community engagement through STEM education and charity, and environmental stewardship, contributing to multiple "Best Workplace" honors. CEO Yogesh Gupta emphasized the company's commitment to responsible and sustainable practices and delivering positive change.
New Price Target for Progress Software Amid Sector Pressures
Citi and Wedbush have lowered their price targets for Progress Software Corporation (NASDAQ:PRGS) due to broader software sector pressures and a more conservative valuation framework, despite the company's strong operational performance and increased fiscal 2026 guidance. Progress Software, which provides infrastructure software and data connectivity solutions, is executing its long-term growth strategy through acquisitions and product expansion, driving recurring revenue and margin improvement. The company is also listed among the Most Undervalued Cybersecurity Stocks.
Progress Software (PRGS) price target decreased by 19.55% to 52.78
This article reports that the price target for Progress Software (PRGS) has been decreased by 19.55%, bringing it down to $52.78. No further details are available regarding the reasons for this adjustment or the analyst responsible.
Progress Software opens new office, expands India presence
Progress Software has expanded its presence in India by opening a new office in Bengaluru, strengthening its India Global Capability Centre and commitment to the country's technology talent. This new facility aims to boost collaboration, accelerate AI-led innovation, and support future growth, establishing India as a key pillar in the company's global strategy. The expansion also includes a partnership with The Bodhi Tree Foundation to support local communities, demonstrating Progress Software's dedication to social impact alongside workforce growth.
Progress Software Expands AI and Workforce Operations in India With New Bengaluru Innovation Hub
Progress Software has opened a new Innovation Hub in Bengaluru, India, aiming to expand its AI capabilities and workforce operations. The company plans to double its India-based employee count in the next three years, focusing on talent in AI, machine learning, and product development. This strategic expansion underscores Progress's commitment to leveraging India's talent pool to drive growth and innovation.
Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub
Progress Software has announced the opening of a new innovation hub in Bengaluru, India. This new facility will serve as a global center for engineering and product innovation, particularly focusing on AI. The expansion underscores Progress Software's commitment to strengthening its presence in India and leveraging the country's talent pool to advance its technology and grow its workforce.
Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub
Progress Software has announced the relocation and expansion of its Bengaluru office, establishing a new innovation hub at Embassy Tech Village. This move reinforces the company's commitment to India's burgeoning tech talent, focusing on AI-led innovation and scaling various teams including engineering, product development, and customer-facing roles. The expansion highlights India's strategic importance in Progress Software's global plans and includes a partnership with The Bodhi Tree Foundation to support community initiatives.
Progress bets on India tech talent with expanded Bengaluru AI hub
Progress Software (Nasdaq: PRGS) has expanded and relocated its Bengaluru office to Embassy Tech Village, officially opening on April 14, 2026. This move strengthens its India Global Capability Center, focusing on AI-led engineering, product development, sales, customer success, marketing, and operations. The expansion highlights Progress' commitment to India's tech talent, with nearly 25% of its India staff supporting global customer-facing functions, and includes a community partnership with The Bodhi Tree Foundation.
Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub
Progress Software has expanded its AI and workforce operations in India by relocating and enlarging its Bengaluru office, establishing an innovation hub at Embassy Tech Village. This move reinforces the company's commitment to India's tech talent, with a focus on AI-led innovation, product development, and customer-facing roles. The expansion highlights India's strategic importance in Progress' global growth and innovation strategy and includes community engagement through a partnership with The Bodhi Tree Foundation.
Citi lowers its PT on Progress Software (PRGS) to $46 and maintains buy rating
Citi has revised its price target for Progress Software (PRGS) down to $46 from its previous level. Despite this reduction, the firm has decided to maintain its Buy rating on the stock. The article provides only this limited information.
A Look At Progress Software (PRGS) Valuation After The Sitefinity Generative CMS AI Update
Progress Software (PRGS) has unveiled a major update to its Sitefinity Generative CMS, incorporating generative AI for enhanced personalization and search capabilities in enterprise web experiences. Despite this innovation, the stock has seen a significant decline over the past year, trading below published price targets. The article suggests that with its current valuation at $27.73 against a narrative fair value of $50.83, the stock may represent an undervalued opportunity, especially considering successful ShareFile integration boosting recurring revenue and margins through disciplined SaaS acquisitions.
PRGS SEC Filings - Progress Soft 10-K, 10-Q, 8-K Forms
This page provides access to Progress Software Corporation's (PRGS) SEC filings, including annual 10-K, quarterly 10-Q, material event 8-K reports, and insider trading forms. Stock Titan offers real-time access to these documents, enhanced with AI-powered summaries, impact scoring, and sentiment analysis to help users understand key points. The platform aims to simplify the interpretation of complex regulatory documents for investors and analysts
Working capital per share of Progress Software Corporation – BX:PGR
This article provides financial data for Progress Software Corporation (BX:PGR), specifically focusing on its working capital per share. It presents a table showing the period, value, and change in working capital per share, although the table itself is empty in the provided content. The information is sourced from TradingView, with additional market and reference data from ICE Data Services and FactSet.
Progress Software stock: Moderate Buy consensus amid price target cuts
Analysts maintain a "Moderate Buy" consensus for Progress Software despite recent price target cuts, with an average 12-month target of $52.50, suggesting significant upside from its current trading price around $29. The company, which provides essential developer tools for enterprise applications, demonstrates solid execution with rising revenue and is well-positioned for growth due to its focus on digital transformation, cloud, and AI integrations. While some liquidity risks and competition exist, its stable revenue streams and dividend yield make it an attractive option for long-term investors.
Progress Software Corporation (NASDAQ:PRGS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Progress Software Corporation (NASDAQ:PRGS) has a consensus "Moderate Buy" rating from seven analysts, with an average 12-month target price of $52.50, despite recent price target reductions from several brokerages. Insiders have sold 30,546 shares totaling $1.17 million over the last 90 days, though corporate insiders still own 3.40% of the company. The company recently reported Q1 earnings per share of $1.60 on revenues of $248 million, exceeding analyst expectations, and trades near $29 with a market cap of approximately $1.22 billion.
Progress Software Corporation (NASDAQ: PRGS) Q1 2026 earnings call transcript
This is the Q1 2026 earnings call transcript for Progress Software Corporation (NASDAQ: PRGS). The transcript contains detailed financial discussions and business updates as presented during the quarterly call. It likely covers key performance indicators, future outlook, and answers to analyst questions.
Wedbush lowers its price target on Progress Software (PRGS) to $45
Wedbush has lowered its price target for Progress Software (PRGS) to $45. This adjustment by the investment firm indicates a revised outlook on the stock's future valuation.
Is Progress Software (PRGS) Stock Undervalued Right Now?
The article analyzes Progress Software (PRGS) using the Zacks Rank system and value investing metrics. It highlights PRGS's Zacks Rank #2 (Buy) and a Value grade of A, indicating it may be undervalued. The analysis points to favorable P/E, P/B, P/S, and P/CF ratios compared to its industry averages, suggesting strong value potential.
Wedbush lowers its price target on Progress Software (PRGS) to $45
Wedbush has lowered its price target for Progress Software (PRGS) to $45. This adjustment reflects a revised outlook from the financial institution regarding the company's valuation.
Citi Lowers its PT on Progress Software (PRGS) to $46 and Maintains Buy Rating
Citi analyst Fatima Boolani reduced the price target for Progress Software (PRGS) to $46 from $60 but maintained a Buy rating. Oppenheimer also lowered its price target to $57, citing industry multiple compression, while maintaining an Outperform rating. Progress Software reported strong Q1 results, exceeding revenue and EPS consensus estimates, and provided a positive outlook for FY26.
Citi Lowers its PT on Progress Software (PRGS) to $46 and Maintains Buy Rating
Citi analyst Fatima Boolani recently lowered the price target for Progress Software (PRGS) to $46, down from $60, but maintained a Buy rating. This follows a similar action by Oppenheimer analyst Ittai Kidron, who reduced the price target to $57. Despite these adjustments, Progress Software reported strong Q1 results, exceeding revenue and EPS expectations, driven by expense discipline and operating margin upside.
A Look At Progress Software (PRGS) Valuation After Solid Q1 Results And Cautious Analyst Price Target Cuts
Progress Software (PRGS) has seen its shares decline despite solid Q1 2026 results, reporting higher revenue, earnings, and share repurchases, along with AI-focused product updates. Analysts have issued cautious price target cuts, yet the company is estimated to be 59% intrinsically undervalued, with a fair value of $50.83 compared to its closing price of $25.76. The article suggests that successful integration and operational efficiencies could drive future revenue growth and improved margins, but risks from M&A growth and SaaS/cloud execution remain.
Morgan Stanley Smith Barney files to sell 633 RSUs (NASDAQ: PRGS)
Morgan Stanley Smith Barney has filed a Form 144 to sell 633 Restricted Stock Units (RSUs) of Progress Software Corp (NASDAQ: PRGS) on April 1, 2026. The filing also indicates previous 10b5-1 sales by Ian Pitt of 898 common shares on February 4, 2026, totaling $35,479.98. The Form 144 is a required document for investors planning to sell a large number of shares, ensuring transparency in the market.
Progress Software AI Upgrade Spurs Questions On Valuation Versus Weak Momentum
Progress Software (PRGS) has launched new generative AI capabilities for its Sitefinity CMS platform, which expands its use cases for enterprise customers. Despite this product milestone, the company's valuation presents a mixed picture: shares are significantly below analyst targets and estimated fair value, yet recent short-term momentum shows a substantial decline. Investors are advised to monitor whether this AI adoption translates into revenue growth, especially given forecasts of slightly declining earnings and concerns over interest costs.
