In a recent transaction, Sundar Subramanian, the Executive Vice President of Progress Software Co. (NASDAQ:PRGS), sold 2,475 shares of the company’s stock. The sale took place on February 9th at an average price of $57.38 per share, resulting in a total transaction value of $142,015.50.

This sale follows a pattern of recent trades made by Subramanian. On January 8th, he sold 750 shares at an average price of $52.12, amounting to a total transaction of $39,090.00. Additionally, on December 1st, he sold 2,119 shares at an average price of $53.64, totaling $113,663.16. Finally, on November 15th, Subramanian sold 1,704 shares at an average price of $53.88, resulting in a total transaction value of $91,811.52.

Despite these sales by Subramanian, the overall trading performance of Progress Software stock has seen a slight decrease of 0.4%. On Friday, the stock traded at $57.14, with a trading volume of 408,938 shares. The stock’s 50-day moving average is $55.38, and its 200-day moving average is $55.64. Progress Software has a market cap of $2.51 billion and a P/E ratio of 36.78.

Although Subramanian’s recent sales may raise questions for some investors, it’s important to consider the company’s financial performance. In its latest quarterly earnings report, Progress Software surpassed market expectations with $1.02 earnings per share, beating the consensus estimate of $0.91 by $0.11. The company’s revenue for the quarter was $177.52 million, showing an 11.5% increase compared to the previous year.

Furthermore, Progress Software recently announced a quarterly dividend of $0.175 per share, which will be paid on March 15th. This represents an annualized dividend yield of 1.23%.

While hedge funds have made changes to their positions in Progress Software, it’s crucial to analyze the company’s business operations. Progress Software develops, deploys, and manages business applications, offering various software solutions such as OpenEdge, Chef, Developer Tools, Kemp LoadMaster, and Sitefinity.

As always, investors should conduct their own research and analysis before making any investment decisions.

Frequently Asked Questions (FAQ):

1. Who is Sundar Subramanian?
Sundar Subramanian is the Executive Vice President of Progress Software Co. (NASDAQ:PRGS).

2. What recent transactions has Sundar Subramanian made?
On February 9th, Sundar Subramanian sold 2,475 shares of Progress Software stock at an average price of $57.38 per share. Prior to that, he also sold 750 shares on January 8th, 2,119 shares on December 1st, and 1,704 shares on November 15th.

3. What was the total transaction value of Sundar Subramanian’s recent stock sale on February 9th?
The total transaction value of Sundar Subramanian’s stock sale on February 9th was $142,015.50.

4. What has been the overall trading performance of Progress Software stock?
Despite Sundar Subramanian’s sales, Progress Software stock has seen a slight decrease of 0.4%. On Friday, the stock traded at $57.14 with a trading volume of 408,938 shares. The stock’s 50-day moving average is $55.38, and its 200-day moving average is $55.64.

5. What are the financial highlights of Progress Software?
In its latest quarterly earnings report, Progress Software surpassed market expectations with $1.02 earnings per share, beating the consensus estimate of $0.91 by $0.11. The company’s revenue for the quarter was $177.52 million, showing an 11.5% increase compared to the previous year.

6. What dividend has Progress Software recently announced?
Progress Software recently announced a quarterly dividend of $0.175 per share, which will be paid on March 15th. This represents an annualized dividend yield of 1.23%.

7. What are some of the software solutions offered by Progress Software?
Progress Software develops, deploys, and manages business applications, offering various software solutions such as OpenEdge, Chef, Developer Tools, Kemp LoadMaster, and Sitefinity.

Key Terms/Jargon:
– Share: A unit of ownership in a company.
– Stock: A type of security that represents ownership in a company.
– Transaction: An instance of buying or selling stocks or other assets.
– Market Cap: The total value of a company’s outstanding shares, calculated by multiplying the current stock price by the number of shares outstanding.
– P/E Ratio: Price-to-Earnings ratio, which is calculated by dividing the price per share by the earnings per share. It is used to evaluate the relative value of a company’s shares.
– Quarterly Earnings Report: A report that provides an overview of a company’s financial performance for a specific quarter.
– Revenue: The total income generated by a company from its business operations.

Suggested Related Links:
Progress Software: Official website of Progress Software Co.
NASDAQ:PRGS: Stock information for Progress Software Co. on NASDAQ.