Progress Software Corp /ma (PRGS): Paul A Jalbert , Chief Accounting Officer of Progress Software Corp /ma sold 21,041 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $28.92 per share for a total value of $608,650.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Ram Gupta (director) sold 4,764 shares at $26.35 per share price.On May 11, 2016, Barry N Bycoff (director) sold 5,664 shares at $25.27 per share price.Also, On Apr 29, 2016, Michael Mark (director) sold 7,705 shares at $26.13 per share price.On Apr 26, 2016, Charles Francis Kane (director) sold 10,000 shares at $26.13 per share price.
Progress Software Corporation: On Monday, Jul 11, 2016 heightened volatility was witnessed in Progress Software Corporation which led to swings in the share price. The shares opened for trading at $28.82 and hit $29.1 on the upside , eventually ending the session at $29.03, with a gain of 1.36% or 0.39 points. The heightened volatility saw the trading volume jump to 1,88,023 shares. The 52-week high of the share price is $30.45 and the company has a market cap of $1,461 M . The 52-week low of the share price is at $21.94.
Company has been under the radar of several Street Analysts.Progress Software Corporation is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 .The Rating was issued on Jun 24, 2016.
Progress Software Corporation is a global software company that simplifies the development deployment and management of business applications. The Company’s products provide solutions for rapid application development broad data integration and efficient data analysis. The Company has three business units which include OpenEdge Data Connectivity and Integration and Application Development and Deployment. The solutions within the OpenEdge Business Unit include Progress OpenEdge and Progress Corticon. The solutions within the DCI Business Unit include Progress DataDirect Connect Progress DataDirect Cloud and Progress Easyl. The solutions within the AppDev Business Unit include Progress Pacific Progress Rollbase Modulus Telerik Dev Tools Telerik Dev Cloud Telerik Platform Telerik ALM and Telerik Sitefinity.