PRGS - Director At Progress Software Sells $1.02M Of Stock | Benzinga
Revealing a significant insider sell on April 15, DAVID KRALL, Director at Progress Software (NASDAQ:PRGS), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that KRALL sold 20,000 shares of Progress Software. The total transaction amounted to $1,020,000.
Progress Software's shares are actively trading at $50.01, experiencing a down of 0.1% during Tuesday's morning session.
Unveiling the Story Behind Progress Software
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Financial Milestones: Progress Software's Journey
Positive Revenue Trend: Examining Progress Software's financials over 3 months reveals a positive narrative. The company achieved a ...