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Progress Software Director Gawlick Buys 1710 Shares at $43.48/Share on 8/12/2025
ByAinvest
Wednesday, Aug 13, 2025 8:19 am ET1min read
Progress Software Corporation has announced that Director Rainer Gawlick has purchased 1,710 shares at a price of $43.48 per share on August 12, 2025.
Progress Software Corporation (NASDAQ: PRGS) announced that Director Rainer Gawlick purchased 1,710 shares of the company's common stock on August 12, 2025. The transaction occurred at a weighted average price of $43.48 per share, totaling $74,350. Following this purchase, Gawlick directly owns 55,544 shares of the company [1].The stock price of Progress Software has been trading near its 52-week low of $42.88, and recent market analysis suggests that the shares are currently undervalued [2]. This strategic purchase by Gawlick comes as the stock has fallen significantly over the last three months, with technical indicators showing oversold conditions.
In other recent developments, Progress Software Corporation reported its second-quarter earnings for fiscal year 2025, exceeding expectations with an earnings per share of $1.40, compared to the projected $1.30. However, the company’s revenue was slightly below estimates, coming in at $237 million against a forecast of $237.53 million. Additionally, the company announced an expansion of its revolving credit facility to $1.5 billion, up from $900 million, with a new maturity date set for July 31, 2030 [2].
Analyst activities around Progress Software have been noteworthy. Citi lowered its price target for the company to $57 from $64, maintaining a Neutral rating, citing softer-than-expected cash flow and other factors. Conversely, DA Davidson raised its price target to $75, reiterating a Buy rating based on consistent business strength observed in the latest quarterly report [2].
References:
[1] https://www.tradingview.com/news/tradingview:d13e3d7998ee5:0-progress-software-director-rainer-gawlick-acquires-1-710-shares/
[2] https://www.investing.com/news/insider-trading-news/gawlick-rainer-buys-progress-software-prgs-shares-worth-74k-93CH-4187889
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