Tonix Pharmaceuticals stock halted ahead of FDA approval news
Director Rainer Gawlick of Progress Software NASDAQ:PRGS, recently purchased 1,710 shares of the company’s common stock. The transactions, which occurred on August 12, 2025, involved a purchase with prices ranging from $43.33 to $43.51 per share, resulting in a total value of $74,350. The purchase comes as the stock trades near its 52-week low of $42.88, with InvestingPro analysis indicating the shares are currently undervalued.
Following the purchase, Gawlick directly owns 55,544 shares of Progress Software . The timing appears strategic, as InvestingPro data shows the stock has fallen significantly over the last three months, with technical indicators suggesting oversold conditions. Discover more insights with InvestingPro, which offers 8 additional key tips and a comprehensive Pro Research Report for PRGS.
In other recent news, 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, Progress Software 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. This financial maneuver replaces the existing secured credit facility, leaving $660 million in revolving credit loans outstanding.
Analyst activities around Progress Software have been noteworthy. Citi lowered its price target for the company to $57 from $64, maintaining a Neutral rating. The firm cited softer-than-expected cash flow and other factors as reasons for the adjustment. Conversely, DA Davidson raised its price target to $75, reiterating a Buy rating based on consistent business strength observed in the latest quarterly report. These developments highlight varying perspectives on the company’s financial health and future prospects among analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.