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Yogesh K Gupta, CEO of Progress Software (PRGS), bought 2,100 shares for $103,194, increasing their holdings by 0.9%. Insiders have traded PRGS stock 19 times in the last 6 months, with 2 purchases and 17 sales. Meanwhile, institutional investors have added or removed shares from their portfolios, with 145 adding shares and 165 decreasing their positions. Analysts have issued 3 buy ratings and 0 sell ratings on the stock.

Progress Software Corporation (PRGS) has seen significant insider trading activity and positive analyst sentiment in recent weeks. The company's CEO, Yogesh K Gupta, purchased 2,100 shares of PRGS for $103,194, increasing his holdings by 0.9% [3]. This follows a broader insider trading pattern, with 19 trades in the last six months, including two purchases and 17 sales [1].

Institutional investors have also been active in their PRGS holdings. Over the past quarter, 145 investors added shares to their portfolios, while 165 decreased their positions [1]. Notable moves include PACER ADVISORS, INC. removing 1,140,631 shares and CAPITAL INTERNATIONAL INVESTORS adding 722,081 shares [1].

Analysts have been largely bullish on PRGS. Three firms have issued buy ratings on the stock, with no sell ratings [1]. The median price target from analysts is $75.0, with recent targets ranging from $57.0 to $83.0 [1].

The stock has shown mixed performance, gaining 1.08% on the last trading day and fluctuating between $48.68 and $49.47 [3]. Analysts predict a potential fall of -15.83% over the next three months, with a price range between $39.48 and $51.21 [3].

References:
[1] https://www.quiverquant.com/news/Progress+Software+Corporation+Stock+%28PRGS%29+Opinions+on+New+%241.5+Billion+Credit+Facility
[2] https://www.tradingview.com/news/tradingview:494372666cda1:0-progress-software-executives-make-significant-stock-purchases/
[3] https://stockinvest.us/stock/PRGS