Anyone interested in PROS Holdings, Inc. (NYSE:PRO) should probably be aware that the Executive Vice President of Worldwide Sales, Thomas Dziersk, recently divested US$217k worth of shares in the company, at an average price of US$72.49 each. The eyebrow raising move amounted to a reduction of 35.9% in their holding.
The Last 12 Months Of Insider Transactions At PROS Holdings
In the last twelve months, the biggest single sale by an insider was when the CEO, President & Director, Andres Reiner, sold US$1.9m worth of shares at a price of US$72.26 per share. So what is clear is that an insider saw fit to sell at around the current price of US$70.01. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last twelve months insiders netted US$2.4m for 33973 shares sold. Insiders in PROS Holdings didn’t buy any shares in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Does PROS Holdings Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It’s great to see that PROS Holdings insiders own 8.8% of the company, worth about US$247m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At PROS Holdings Tell Us?
Insiders sold stock recently, but they haven’t been buying. And even if we look to the last year, we didn’t see any purchases. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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