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.
Wedbush Lowers its Price Target on Progress Software (PRGS) to $45
Wedbush has lowered its price target for Progress Software (PRGS) to $45 from $65, maintaining an Outperform rating, after the company delivered Q1 results ahead of expectations and raised its FY26 guidance. Other analysts, including Oppenheimer and Jefferies, also adjusted their price targets, citing industry-wide multiple pressure despite solid execution and strong margins. Progress Software's Q1 non-GAAP EPS and revenue surpassed consensus estimates, and the company provided an optimistic outlook for FY26 non-GAAP EPS.
Progress Software (PRGS) EVP logs RSU vesting and tax share withholdings
Progress Software (PRGS) EVP Sundar Subramanian reported routine equity compensation activity involving Restricted Stock Units (RSUs). On April 1, 2026, he exercised RSUs for 4,044 shares and had 1,795 shares withheld for tax obligations at $24.96 per share. Following these transactions, Subramanian directly holds 16,710 shares of common stock and 6,837 RSUs, with the remaining RSUs vesting semiannually under the company's 2008 Stock Option and Incentive Plan.
Progress Software (PRGS) EVP gains 4,044 shares via RSU vesting and tax withholding
Progress Software EVP Jarrett Loren converted 4,044 restricted stock units (RSUs) into common shares on April 1, 2026. The company withheld 1,714 shares at $24.96 each to cover tax obligations. Following these transactions, Loren directly holds 22,016 shares of Progress Software common stock.
Progress Software (PRGS) CLO nets new shares after RSU vesting and tax withholding
Progress Software's Chief Legal Officer, Yufan Stephanie Wang, reported the vesting of restricted stock units (RSUs) on April 1, 2026, which converted into 3,309 shares of common stock. To cover tax obligations, 1,502 shares were withheld by the company at $24.96 per share, not sold on the open market. After these transactions, Ms. Wang directly owns 7,563 shares of Progress Software common stock.
[Form 4] PROGRESS SOFTWARE CORP /MA Insider Trading Activity
This article details the insider trading activity of Domenic LoCoco, Chief Accounting Officer at Progress Software Corp (PRGS). On April 1, 2026, LoCoco's restricted stock units converted into 2,617 common shares, from which 770 shares were withheld for tax obligations at $24.96 per share. Following these transactions, LoCoco directly holds 9,857 shares of Progress Software common stock.
Progress Software Names Chris Perkins Chief Financial Officer Effective February 1, 2013
Progress Software Corporation has announced the appointment of Chris E. Perkins as its new Senior Vice President, Finance & Administration and Chief Financial Officer, effective February 1, 2013. Perkins will replace Melissa H. Cruz, who is retiring but will assist with the transition. He brings extensive experience from publicly traded software companies, having previously served as CFO at Eclipsys Corporation and Per-Se Technologies.
After Plunging 34% in 4 Weeks, Here's Why the Trend Might Reverse for Progress Software (PRGS)
Progress Software (PRGS) has experienced a significant 34% drop in stock value over the past four weeks but is now showing signs of a potential reversal. This is primarily indicated by its Relative Strength Index (RSI) falling into oversold territory, coupled with strong positive revisions in earnings estimates from Wall Street analysts. The stock currently holds a Zacks Rank #2 (Buy), further suggesting a potential near-term turnaround.
Progress Software Corporation (NASDAQ:PRGS) Q1 2026 Earnings Call Transcript
Progress Software Corporation reported strong Q1 2026 results, exceeding earnings expectations with EPS of $1.60 and revenue of $248 million. The company highlighted robust ARR growth, a strong NRR of 99%, and significant cash flow generation. Leadership emphasized the impact of AI across their product portfolio, disciplined capital allocation including debt reduction and share repurchases, and the successful integration of ShareFile.
Progress Software Analysts Cut Their Forecasts After Q1 Results - Progress Software (NASDAQ:PRGS)
Progress Software (NASDAQ:PRGS) reported better-than-expected Q1 earnings of $1.60 per share and sales of $247.799 million, beating analyst consensus estimates. The company also raised its FY2026 adjusted EPS and sales guidance. Despite the positive results, analysts from Oppenheimer, Wedbush, and Jefferies cut their price targets on the stock, leading to a 6.6% dip in shares.
Progress Software Corp (PRGS) Stock Price, Quote, News & History
This Benzinga article provides a comprehensive overview of Progress Software Corp (PRGS), including its stock price, key statistics, news, and financial data. It highlights recent Q1 earnings, analyst forecast adjustments, and overall market performance. The content also details financial statements, valuation metrics, and company information, serving as a resource for investors tracking PRGS.
Progress Software Corporation (PRGS) April 30 calls active, share price down 10%
Progress Software Corporation (PRGS) saw significant activity in its April 30 call options, with the stock price falling 10%. The 30-day option implied volatility for PRGS is 65, and the call-put ratio is 3.5 calls to 1 put. The company's overall analyst rating is "SELL," and it has a dividend yield of 1.8%.
Progress pitches governed AI search, chat and personalization for websites
Progress Software has released Sitefinity Generative CMS, an update enhancing its CMS with governed AI search, personalization, and conversational features for enterprise websites. This release includes Dynamically Generated Experiences, embedded AI agents, Schema.org JSON-LD support, and native RAG integration. Despite these advancements, the company's stock, PRGS, experienced a 5.62% decline following the news.
Progress Software Delivers Sitefinity Generative CMS for AI-Driven Discovery and Conversational Experiences
Progress Software has released an updated version of its Sitefinity Generative CMS, designed to help organizations leverage generative AI for websites and digital experiences. This new release focuses on enabling AI-powered search, conversational interfaces, and personalized content delivery within a governed, enterprise-ready framework. Key features include hyper-personalization, embedded AI agents for brand and SEO consistency, and foundational readiness for generative search (GEO/AEO).
Progress Software Corporation (PRGS) Tops Q1 EPS by 3c, Offers Guidance
Progress Software Corporation (PRGS) reported stronger-than-expected Q1 earnings per share of $1.60, surpassing analyst estimates by $0.03, with revenue also exceeding expectations at $247.8 million. The company provided its FY2026 guidance, projecting EPS of $5.91-$6.03 and revenue of $988-1000 million, both largely in line with or slightly above consensus estimates.
Progress Software (Nasdaq: PRGS) posts Q1 2026 beat and raises 2026 EPS outlook
Progress Software (Nasdaq: PRGS) announced a strong Q1 2026 performance with revenue of $247.8 million, up 4% year-over-year, and significant increases in both GAAP and non-GAAP diluted EPS. The company also raised its non-GAAP EPS outlook for fiscal year 2026 to $5.91–$6.03 and reported robust cash flow, enabling debt repayment and share repurchases. These results reflect the durability of its business model and effective capital allocation strategy.
Progress Software Corporation Q1 2026 Earnings Highlights
Progress Software reported strong Q1 2026 results with revenue up 4% year-over-year to $248 million and EPS rising 22% to $1.60, demonstrating robust growth and operational efficiency driven by AI innovation. The company also improved its cash flow, reduced debt, and repurchased stock, while analysts adjusted price targets due to industry multiple compression despite solid performance. Progress Software also launched Sitefinity Generative CMS for AI-powered digital experiences.
Progress Software Reports Fiscal First Quarter 2026
Progress Software (Nasdaq: PRGS) announced its financial results for the fiscal first quarter 2026, which ended on February 28, 2026. The company will host a conference call at 5:00 p.m. ET on March 30, 2026, to discuss the results and outlook. Progress Software specializes in AI-powered digital experience and infrastructure software.
Progress Software Corporation 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:PRGS) 2026-03-30
This article provides access to the slide deck published by Progress Software Corporation (PRGS) in conjunction with their 2026 Q1 earnings call. The content was prepared by Seeking Alpha's transcripts team, which focuses on developing and expanding coverage of quarterly earnings call transcripts. It aims to share new transcript-related developments with readers.
Progress Software: Fiscal Q1 Earnings Snapshot
Progress Software Corp. (PRGS) reported a fiscal first-quarter profit of $22.8 million, or 53 cents per share, with adjusted earnings of $1.60 per share, surpassing analyst expectations. The company posted revenue of $247.8 million and provided future guidance, anticipating second-quarter earnings between $1.47 and $1.53 per share and full-year earnings of $5.91 to $6.03 per share.
Progress Software Reports Fiscal First Quarter 2026
Progress Software (Nasdaq: PRGS) announced its financial results for the fiscal first quarter 2026, which ended on February 28, 2026. The company, a provider of AI-powered digital experience and infrastructure software, will host a conference call to discuss its results and outlook. An earnings release and supplemental presentation are available on their investor relations webpage.
Progress Software Reports Fiscal First Quarter 2026
Progress Software (Nasdaq: PRGS) announced its financial results for the fiscal first quarter of 2026, which ended on February 28, 2026. The company, a provider of AI-powered digital experience and infrastructure software, has made its earnings release and a supplemental slide presentation available on its Investor Relations webpage. Progress Software will also host a conference call to discuss its results and outlook.
Progress Software Executive Stock Sale March 2026 | Transaction Details - News and Statistics
Sundar Subramanian, an executive at Progress Software Corporation, sold 23,194 shares of common stock in March 2026 for approximately $874,000 after exercising 4,020 stock options. This transaction reduced his direct holdings from 38,736 to 15,542 shares, valued around $566,000. These sales occurred while the company's stock was priced near $37.69 per share, following a significant decline over the past year.
Progress Software (PRGS) remains resilient against AI-linked threats
This article discusses how Progress Software (PRGS) is demonstrating resilience in the face of threats posed by artificial intelligence. While the original content of the article was not provided, the title suggests a focus on the company's strategic positioning or technological adaptations allowing it to thrive despite potential disruptions from AI advancements.
JPMorgan Chase & Co. Has $11.90 Million Holdings in Progress Software Corporation $PRGS
JPMorgan Chase & Co. significantly reduced its stake in Progress Software Corporation by 90.4% in the third quarter, now holding 270,954 shares valued at $11.9 million. This divestment occurred amidst mixed analyst ratings, with a consensus of "Moderate Buy" and a $60.60 price target despite the stock trading near a one-year low. Company insiders also sold a substantial amount of shares, leading to a total insider ownership of approximately 3.4%.
Progress Software EVP Sells 23,194 Shares as Stock Falls 40% Year Over Year
Sundar Subramanian, EVP and GM of Infrastructure Management at Progress Software Corporation, sold 23,194 shares of common stock across March 10 and 11, 2026, following the exercise of stock options. This sale, valued at approximately $874,000, significantly reduced his direct holdings, occurring as the company's stock has declined about 40% year over year. Despite the insider sale, which was part of a pre-existing trading plan, the article notes that the company exhibits strong underlying fundamentals, including an 18% year-over-year revenue increase in Q4 and robust operating margins.
Progress Software Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Progress Software (NASDAQ: PRGS) is expected to announce higher Q1 earnings, with analysts forecasting $1.57 per share and $246.4 million in revenue. This follows better-than-expected Q4 results and positive Q1 guidance. Several top analysts have updated their ratings and price targets for the company recently, with some maintaining Buy/Outperform ratings despite recent stock fluctuations.
Vanguard reports zero stake in Progress Software (NASDAQ: PRGS)
The Vanguard Group has filed an amended Schedule 13G/A, reporting a 0% beneficial ownership in Progress Software (PRGS) with zero shares. This change is administrative, resulting from an internal realignment within Vanguard and the disaggregation of holdings according to SEC Release No. 34-39538, rather than a sale of shares. Vanguard's subsidiaries and business divisions will now report their beneficial ownership separately, though they continue to pursue the same investment strategies as before the realignment.
Progress Software earnings in focus as takeover rumors swirl
Progress Software Corporation (NASDAQ:PRGS) is set to report its fiscal first-quarter 2026 results amid investor scrutiny and takeover speculation, particularly from Thoma Bravo. Analysts anticipate modest earnings growth but a slight revenue decline, with the stock trading near its 52-week low despite a recent earnings beat. The report will likely focus on the health of its SaaS business, underlying growth trends post-acquisition, and any management commentary on strategic alternatives or share repurchases.
Progress Software earnings in focus as takeover rumors swirl
Progress Software (PRGS) is under investor scrutiny as it reports Q1 2026 results amidst takeover rumors, with analysts expecting $1.57 EPS and $246.4 million revenue. The company is trading near multi-year lows despite recent earnings beats, making its SaaS business performance and management's stance on M&A critical for investors.
Progress Software (PRGS) Valuation Check After Recent Share Weakness And Intrinsic Discount Signals
Progress Software (PRGS) has experienced recent share weakness, with negative returns over the past year, prompting investors to assess its valuation. Despite the struggles, the company reports robust revenue and net income, with Simply Wall St's narrative suggesting a significant intrinsic discount and a fair value of $65.50 against a current price of $27.33. Analysts' consensus price target is $70.0, indicating a potential entry point, though the valuation depends on successful ShareFile integration and disciplined SaaS acquisitions.
Progress Software (NASDAQ:PRGS) Trading Up 5.6% - What's Next?
Progress Software (NASDAQ:PRGS) shares surged 5.6% during mid-day trading on Thursday, despite recent price target cuts from analysts like DA Davidson, Jefferies, and Wedbush. The company exceeded its quarterly EPS estimates and reported a 17.5% year-over-year revenue increase, leading to a "Moderate Buy" consensus rating among analysts with a target price of $60.60. Recent insider selling by executives and hedge fund activity indicate varied investor sentiment, though the company's strong financial performance offers an optimistic outlook for the coming fiscal year.
Progress Software (PRGS) Valuation Check After Recent Share Weakness And Intrinsic Discount Signals
Progress Software (PRGS) has experienced recent stock weakness, but analysts suggest it might be significantly undervalued with a fair value of $65.50 against its current trading price of $27.33. This valuation hinges on successful ShareFile integration, disciplined SaaS acquisitions, and projected growth in earnings and profit margins. Investors are prompted to examine the underlying numbers and consider the company's potential as an entry point despite recent volatility.
[ARS] PROGRESS SOFTWARE CORP /MA SEC Filing
This article announces an ARS filing by Progress Software Corp /MA (PRGS) with the SEC, dated March 25, 2026, at 04:17 PM. The filing is available as a PDF document and is assessed to have a low impact and neutral sentiment. The article also provides an overview of PRGS stock, including recent news and other SEC filings.
Progress Software Corp. Hits Day Low of $28.69 Amid Price Pressure
Progress Software Corp. experienced a substantial decline in its stock, dropping 8.06% to an intraday low of $28.69, contrasting sharply with the S&P 500's modest decrease. The company has seen significant underperformance over the past week, month, year-to-date, and three-year periods compared to the S&P 500. Despite these stock declines, Progress Software reported strong operational metrics, including record operating cash flow and a net profit of $30.81 million.
Progress Software Corp. Stock Plummets to New 52-Week Low at $28.69
Progress Software Corp. has dropped to a new 52-week low of $28.69, a 42.11% decrease over the past year, significantly underperforming the S&P 500. Despite this, the company reported strong financial metrics including high operating cash flow and net sales, along with 100% institutional ownership. Its market capitalization stands at $1,415 million, with a P/E ratio of 15.00 and an ROE of 19.11%.
Progress ShareFile Adds eIDAS-Supported e-Signatures to Streamline Secure Document Workflows
Progress Software has introduced eIDAS-supported Advanced Electronic Signatures (AES) and Qualified Electronic Signatures (QES) to its ShareFile document collaboration solution. This enhancement allows organizations in the UK and EU to meet compliance requirements and streamline secure document workflows without needing multiple tools. The new features integrate identity verification with Qualified Trust Service Providers and maintain comprehensive audit trails for regulatory compliance.
Progress Software stock hits 52-week low at 30.87 USD
Progress Software (PRGS) hit a new 52-week low of $30.84, trading just below its previous low of $30.89, representing a 43.58% decline over the past year. Despite this, InvestingPro data suggests the stock is undervalued with an oversold RSI and 85% gross profit margin. The company recently beat EPS estimates for Q4 fiscal year 2025, although revenue slightly missed, leading DA Davidson to reiterate a Buy rating with a $70 price target.
Progress Software Opens Weak with 5.35% Gap Down Amid Market Concerns
Progress Software Corp. (PRGS) opened with a significant 5.35% loss, reflecting broader volatility in the software products sector and a month-long decline. Technical indicators, including MACD, Bollinger Bands, KST, and Dow Theory, all suggest a bearish sentiment for the stock. Despite a return on equity of 19.11%, the company, with a market capitalization of USD 1,415 million and no dividend yield, has a high debt-to-equity ratio of 2.75, raising financial leverage concerns.
Progress Software stock hits 52-week low at 30.87 USD By Investing.com
Progress Software Corporation's stock has reached a 52-week low of $30.84, just shy of its lowest point, with a 43.58% decline over the past year. Despite this, InvestingPro data suggests the stock is undervalued, accompanied by upward earnings revisions from six analysts and an 85% gross profit margin. The company recently reported a significant EPS beat for Q4 fiscal year 2025, although revenue slightly missed expectations, leading DA Davidson to reiterate its Buy rating with a $70.00 price target.
Is There Now An Opportunity In Progress Software (PRGS) After A 42% One Year Pullback?
Progress Software (PRGS) has seen a significant 42% decline in its stock price over the last year, prompting investors to re-evaluate its value. Despite this pullback, a Discounted Cash Flow (DCF) analysis suggests the stock is undervalued by 62.5%, with an estimated intrinsic value of $83.53 per share compared to its current price of $31.29. Additionally, its current P/E ratio of 18.0x is below the Software industry average and Simply Wall St's proprietary "Fair Ratio" of 21.9x, further indicating a potential undervaluation in the market.
Is There Now An Opportunity In Progress Software (PRGS) After A 42% One Year Pullback?
Progress Software (PRGS) has experienced a significant 42% decline in its stock price over the past year, prompting an analysis of whether it now presents a buying opportunity. A Discounted Cash Flow (DCF) analysis suggests the stock is undervalued by 62.5%, implying an intrinsic value of $83.53 per share compared to its current price of $31.29. Additionally, its current P/E ratio of 18.0x is below both the broader Software industry average and Simply Wall St's proprietary "Fair Ratio" of 21.9x, further indicating potential undervaluation.
Progress Software Corp. Hits New 52-Week Low at $31.67
Progress Software Corp. (NASDAQ: PRGS) has reached a new 52-week low of $31.67, marking a significant 35.95% decline over the past year, while the S&P 500 gained 16.41% in the same period. Despite this stock performance, the company reports strong financials with a market capitalization of USD 1,415 million, a P/E ratio of 15.00, and a return on equity of 19.11%. The software products firm also shows resilience with high operating cash flow and net profit, though its stock has consistently underperformed the S&P 500.
Progress Software to Report First Quarter 2026 Financial Results on March 30, 2026
Progress Software (Nasdaq: PRGS) announced it will release its fiscal first quarter 2026 financial results after market close on Monday, March 30, 2026. The company will host a conference call on the same day at 5:00 p.m. ET to discuss the results. The first quarter of fiscal year 2026 concluded on February 28, 2026.
Progress Software Corp. Stock Plummets to New 52-Week Low at $31.96
Progress Software Corp. (PRGS) has reached a new 52-week low of $31.96, marking a significant 35.47% decrease in its stock performance over the past year, despite a 14.6% increase in profits. The company faces challenges including a high debt-to-equity ratio of 2.75 and intense market competition, yet maintains strong support from institutional investors, holding 100% of the stock. Its current market capitalization is $1,415 million with a P/E ratio of 15.00.
Software Company Progress Launches Flowmon 13 to Boost AI-Driven Network Security
Progress, a leading provider of application development and digital experience technologies, has launched Flowmon 13. This new version enhances network security with advanced AI and machine learning capabilities, focusing on insider threat detection and zero-day attack prevention. Flowmon 13 integrates network detection and response (NDR) with extended detection and response (XDR) systems, offering comprehensive visibility and automated responses to complex threats.
Progress Software to Report First Quarter 2026 Financial Results on March 30, 2026
Progress Software (Nasdaq: PRGS) announced it will release its fiscal first quarter 2026 financial results after market close on Monday, March 30, 2026. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. The first quarter of fiscal year 2026 concluded on February 28, 2026.
Progress Software Corporation (NASDAQ:PRGS) Short Interest Up 14.3% in February
Progress Software Corporation (NASDAQ:PRGS) saw a significant increase in short interest in February, rising by 14.3% to 4.35 million shares, representing 10.7% of the float. This comes amidst accelerated insider selling, with executives offloading shares worth over $1.17 million in the last quarter, though insiders still own 3.6% of the company. Despite the increased short interest, the company recently beat Q4 earnings estimates and provided a positive FY2026 outlook, maintaining a "Moderate Buy" consensus rating from analysts.
Progress Software sets March 30 date for Q1 2026 earnings call
Progress Software (Nasdaq: PRGS) announced it will report its fiscal first quarter 2026 financial results after market close on Monday, March 30, 2026. The company will host a conference call and webcast on the same day at 5:00 p.m. ET. The quarter concluded on February 28, 2026, and an archived replay will be available on their Investor Relations webpage.
