
Progress Software CEO Buys In — Maybe It’s More Than Just... Progress?
🧠 Stock: Progress Software Corp 📈
💸 Ticker: NASDAQ: PRGS
🎯 Price (as of Jul 25, 2025): $50.82 (+1.69%)
📆 Insider Trigger: CEO & Director Buy Big
“Progress is slow,” they say. But the CEO just dropped $100K+ on shares. That’s more than coffee money — and way more than a casual 'meh' vote of confidence.
🕵️♂️ The Insider Moves:
📅 Date | 🧑 Insider | 💼 Title | 💵 Price | 🎯 Shares | 💰 Value |
---|---|---|---|---|---|
2025-07-23 | Yogesh Gupta | CEO | $49.14 | 2,100 | $103,194 |
2025-07-23 | David Krall | Director | $48.90 | 5,125 | $250,613 |
🧲 That's $350K+ of real insider skin in the game — not Monopoly money.
🔬 What Is Progress Software, Really?
Think of Progress Software as your quiet, no-drama, enterprise tech friend who’s actually pulling in serious numbers while the flashy types hog the spotlight.
🧰 What they offer:
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OpenEdge – Business-critical app development
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MOVEit – Secure file transfers (yes, for grown-ups)
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Kemp LoadMaster – Fancy name for load balancers
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Sitefinity – Digital marketing magic
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WhatsUp Gold – Network monitoring (not a hip-hop track)
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Flowmon, Corticon, Semaphore... — 🧠 Sounds like superhero aliases, but they’re all legit software products for enterprise, automation, and AI
📍 Headquarters: Burlington, MA — not Silicon Valley, but they’re still pushing code and pulling profits.
💪 The Financials: Not Flashy, But Solid
📊 FY ‘24 (GAAP):
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Revenue: $753.4M (+8%)
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Operating Income: $124M (+12%)
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Net Income: $68.4M (−3%)
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EPS: $1.54
-
Cash from Ops: $211.5M (+22%)
✅ Margin holding steady at 16%.
❗ EPS dipped slightly — but not alarmingly.
🚀 Q2 '25: Stronger Than Expected
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Revenue: $237M (+36% YoY)
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ARR: $838M (+46% YoY)
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GAAP EPS: $0.39 (+5%)
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Non-GAAP EPS: $1.40 (+28%)
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Operating Margin: GAAP 16%, Non-GAAP 40%
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Acquired Agentic (RAG AI company) — that’s “Retrieval-Augmented Generation” AI, not a band.
🧃 Bottom line: The juice is flowing, and the margins are still tasty.
👉 Want the full picture? Dive into Progress Software (PGRS)'s financials here.
🏦 Institutions Are Hungry for Progress
Institutions own 121.12% of the float. Yes, more than 100%. Either math broke… or the pros are all-in.
🏢 Top Holders (Q1 2025):
🏦 Holder | 📈 % Out | 💰 Value |
---|---|---|
Blackrock | 16.3% | $356.8M |
Vanguard | 13.5% | $296.6M |
Boston Trust | 4.1% | $89.6M |
State Street | 4.1% | $88.9M |
Wellington | 3.2% | $68.9M |
That’s a who’s who of “Yes, please!” on Wall Street.
🔍 For Institutional Ownership breakdown, see here.
🧮 Valuation Check: Expensive? Maybe Not.
📐 Metric | 🔢 Value | 💬 Verdict |
---|---|---|
Trailing P/E | 39.09 | 😬 Pricey |
Forward P/E | 10.02 | 🤔 Much better |
Price/Sales | 2.60 | 💸 Fair |
EV/Revenue | 4.12 | 👍 Fine |
EV/EBITDA | 13.75 | 😏 Not outrageous |
Price/Book | 4.84 | 📘 Acceptable |
💬 TL;DR: Not screaming cheap — but maybe whispering “undervalued.”
⚠️ The Risks: Progress... or Pause?
-
Organic Growth: Still finding its stride. Acquisitions (like ShareFile) have driven much of the recent uptick.
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Competition: Facing giants (Microsoft, Oracle) and startups with rocket fuel.
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Integration Risk: M&A ain’t always plug & play.
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Leverage: Debt-to-equity at 3.54, current ratio under 0.5. That’s tightrope territory.
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Cash Flow from Ops: Still healthy, but recently receded.
📉 And don’t forget: software may be eating the world, but some apps get heartburn.
💡💡💡 Curious about another deep oil exploration play?
Check our takes on UnitedHealth Group or even Oscar Health.
🧠 Final Take: Not Sexy, But Strong?
Progress Software isn’t the loudest stock in the room. But…
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📈 It’s profitable.
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📉 It’s off ~30% from its all-time highs.
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🧑💼 Insiders are buying.
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🧮 Institutions are stuffed full of PRGS.
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🤖 They just bought an AI company (because, of course).
🎯 Could be a rerating candidate. Not a moonshot — but maybe a hopefully reliable compounder with a reasonable ETA.
👀 Our Verdict?
If you’re into quiet compounders, low-volatility tech, or insiders who actually buy instead of sell, then PRGS might just be... well, progress.
🚨 Disclaimer:
We like progress. But we love booming, skyrocketing, and 💥 mind-blowing rallies even more. This is NOT financial advice. It’s just a second opinion — and yes, we’re billing your sense of humor. 🎪💸
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