Insider buying last 90 days
No open-market insider purchases were filed for PRGS in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every PRGS insider filing, plotted on the chart in Gekko.Open PRGS in Gekko
NASDAQ: PRGS
Progress Software (PRGS) Stock Analysis & Forecast
Oct 12 close
$38.99−0.34 (−0.9%)
Gekko Brief
AI summaryOct 12 closeProgress Software's recent news flow centers on insider transactions and options activity rather than operational developments. Filings show Chief Legal Officer Yufan Stephanie Wang sold 1,245 shares at $37 under a pre-existing trading plan, while the CFO had 4,521 shares withheld for taxes as restricted stock units converted on 1 October. Separately, implied volatility has been surging on Progress Software options, notably the January 2027 $15 put, pointing to expectations of a sizable price move, and the stock has also appeared in value-investor comparisons against Synopsys.
Shares closed at $38.99, down 0.9%, sitting between the 50-day average of $41.70 and the 200-day average of $36.64. The one-month return stands at -2.3%, the three-month at 4%, the six-month at 40.6%, and the one-year at -16%, within a 52-week range of $23.82 to $47.25. The GekkoIndex reads 59.7, in the Neutral zone, down from a higher reading five periods earlier. Gekko Fair Value is set at $74.68, putting the current price 47.8% below that level.
The next earnings report is scheduled for 19 January 2027, after the close, 98 days out and beyond a typical 20-trading-day hold; the last report on 31 March 2026 beat estimates with EPS of $1.60 against $1.57 expected, though shares reacted -11.2%, versus an average absolute reaction of 6.7% across the last eight quarters. Two covering analysts currently rate the stock a buy, with a consensus target of $56.20 implying 44.1% upside. Seasonally, the next 20 trading days have averaged a 3.1% gain over the past five years, higher in three of them.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Progress Software price vs fair value
Close $38.99200-day averageGekko Fair Value $74.68
Progress Software quick facts
- Market cap
- $1.60B
- P/E ratio
- 17.6
- Forward P/E
- 6.5
- EPS, TTM
- $2.17
- Revenue, TTM
- $999.9M
- Profit margin
- 9.2%
- Dividend yield
- —
- Beta
- 0.89
- Volume
- 458,912 avg 685,679
- 1-year return
- −16.0%
- Typical daily move
- ±4.5%
- Typical 20-day move
- ±5.1%
- 50-day average
- $41.70
- 200-day average
- $36.64
- Next earnings
- Jan 19 after close
- Shares outstanding
- 40.87M
Progress Software swing-trade checklist
Progress Software scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive2 mixed0 headwinds
- Trendmixed
Averages disagree
Close $38.99 sits between the 50-day ($41.70) and 200-day ($36.64) averages, or the averages disagree.
See the chart - GekkoIndexmixed
59.7, Neutral
Reading 59.7 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
47.8% below
Price is 47.8% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 99 days
Next report Jan 19, 2027, 99 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+3.1% on average
From this point in the calendar, the next 20 trading days averaged +3.1% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Progress Software stock chart and price history
Progress Software closed at $38.99 on Oct 12, 2026, −16.0% over the past year, inside a 52-week range of $23.82 to $47.25.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −2.3%
- 3 months
- +4.0%
- 6 months
- +40.6%
- 1 year
- −16.0%
The full PRGS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open PRGS in Gekko
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About Progress Software
Progress Software builds tools that help businesses design, deploy, and manage their own software applications. Its lineup spans an application development platform in OpenEdge, UI components and testing tools for developers, a content management and analytics system in Sitefinity, and a business rules engine in Corticon. It also offers products for data connectivity, secure file transfer, infrastructure automation, network monitoring, and load balancing, giving it a broad footprint across the software infrastructure that other companies rely on.
Alongside these products, the company provides services such as implementation support, custom development, programming, and training. Its customers include direct end-users as well as independent software vendors, original equipment manufacturers, and system integrators, and it sells into markets across North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific.
Progress Software was founded in 1981 and is headquartered in Burlington, Massachusetts. Its shares are listed on the NASDAQ under the ticker PRGS.
- Listed
- NASDAQ
- Sector
- Technology services
- Industry
- Packaged software
- Website
- progress.com
Progress Software GekkoIndex: the smart money zone
Progress Software’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59.7, in the Neutral zone, down 11.1 points over five sessions.
59.7Neutral
Down 11.1 points over five sessions, from the Buying zone.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 53 | +0.2% | −1.8% | ||
| Accumulation | 258 | +0.4% | −0.3% | ||
| Neutral (current zone) | 345 | −0.5% | −0.6% | ||
| Distribution | 17 | −2.0% | +1.6% | ||
| Selling | 9 | Too few readings yet | |||
Average PRGS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the PRGS price, zone by zone.Track PRGS in Gekko
Is Progress Software stock overvalued? Gekko Fair Value
Progress Software trades 47.8% below Gekko Fair Value of $74.68, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Progress Software shares are worth, recalculated every trading day.
$74.68
Gekko Fair Value, Oct 10, 2026
47.8% Undervalued
At the end of Aug 2026 the price was 7.8% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open PRGS in Gekko
Progress Software insider and Congress trading
No open-market insider purchases were filed for Progress Software, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in PRGS were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for PRGS, plotted on the chart in Gekko.Open PRGS in Gekko
Buybacks
Progress Software has been buying back its own shares.
- Latest authorization
- $200.0M, Jan 20, 2026
- Bought back, quarter ended Aug 31, 2026
- $16.87M
- As a share of market cap
- 1.06%
- Trailing four quarters
- $112.0M
From company filings.
Progress Software earnings: next date and track record
Progress Software reports on Jan 19, 2027, after the close (99 days away), and beat the EPS estimate in 8 of its last 8 reports.
Next earnings report
Jan 19, 2027
Expected after the close, 99 days away
- EPS estimate
- $1.26
- Revenue estimate
- $300.3M
8 of 8reports beat the EPS estimate
±6.7%average move across the report
7 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Mar 31, 2026 AI summary
- What they said
- Progress Software reported a solid start to FY2026 with Q1 revenue of $248M (up 4% YoY), ARR of ~$863M (2% pro forma YoY growth), net retention rate of 99%, EPS of $1.60 (+22% YoY), operating margins above 41%, and record cash flows (adjusted free cash flow $99M, unlevered free cash flow $111M). Management highlighted strong collections, debt paydown, share repurchases, and AI-driven product momentum across OpenEdge, ShareFile, LoadMaster, WhatsUp Gold, MOVEit, and DevTools. Management emphasized disciplined M&A activity (evaluating opportunities but constrained by valuation expectations) and described an "isolated churn" event driven by a European court ruling affecting a government customer. ShareFile performance was reiterated as strong after billing-system cleanup and integration work; SaaS revenue experienced quarter-to-quarter volatility largely tied to cleanup, catch-up invoicing and one-time adjustments. Management expressed confidence in the business, noted geopolitical and macro uncertainty as items they are monitoring, and reiterated a target NRR of ~100% while expecting NRR to normalize as isolated churn works through.
- Guidance
- Management remains positive about outlook, citing strong business fundamentals with solid retention across products. Company continues total growth strategy with disciplined operations and AI-driven product innovation to deliver increasing customer value.
- Risks flagged
- Isolated churn from customer-specific events (e.g., loss of a government contract due to court ruling); SaaS billing/system integration and cleanup risks (catch-up invoicing, data cleanup); M&A market valuation disconnects limiting transaction opportunities; macroeconomic and geopolitical uncertainty that could affect customer spending and deal timing.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Mar 31, 2026 | $1.60 est $1.57 | $247.8M est $246.4M | −11.2% |
| Jan 20, 2026 | $1.51 est $1.31 | $252.7M est $252.9M | +6.5% |
| Sep 29, 2025 | $1.50 est $1.30 | $249.8M est $240.1M | +4.5% |
| Jun 23, 2025 | $1.40 est $1.30 | $237.4M est $240.0M | +3.2% |
| Mar 24, 2025 | $1.31 est $1.06 | — | +1.3% |
| Jan 14, 2025 | $1.33 est $1.21 | — | +2.0% |
| Sep 24, 2024 | $1.26 est $1.14 | $178.7M est $176.2M | +12.4% |
| Jun 25, 2024 | $1.09 est $0.95 | $175.1M est $168.4M | +12.2% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Progress Software stock forecast and analyst price targets
Analysts’ average 12-month price target for Progress Software is $56.20, +44.1% from the last close, from 2 firms rating the stock in the last 90 days.
$56.20consensus 12-month target, +44.1% from the last close
Now $38.99Avg $56.20
Low $50High $55
Each firm’s latest rating in the last 90 days: 2 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Oct 1 | Oppenheimer | $50 | +28.2% |
| Oct 1 | D.A. Davidson | $55 | +41.1% |
| Aug 18 | D.A. Davidson | — | — |
| Jul 23 | D.A. Davidson | — | — |
| Jul 23 | Oppenheimer | $50 | +28.2% |
−0.6%average 20-day move after past Neutral readings
+3.1%average move over the next 20 trading days in the last 5 years
±4.5%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Progress Software seasonality: the next 20 trading days
Over the next 20 trading days from Oct 10, Progress Software averaged +3.1% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +1.4% | 4 of 5 |
| Next 10 trading days | +1.5% | 3 of 5 |
| Next 15 trading days | +1.9% | 2 of 5 |
| Next 20 trading days | +3.1% | 3 of 5 |
| Next 30 trading days | +2.4% | 3 of 5 |
For scale, PRGS’s typical 20-trading-day move in either direction is about 5.1%.
Progress Software market cap and key statistics
Progress Software’s market cap is $1.60B, with a P/E ratio of 17.6 and revenue of $999.9M over the last twelve months.
Valuation
- Market cap
- $1.60B
- P/E ratio
- 17.6
- Forward P/E
- 6.5
- EPS, TTM
- $2.17
- Gekko Fair Value
- $74.68
Trading
- Volume
- 458,912
- Avg volume, 20 days
- 685,679
- 52-week high
- $47.25
- 52-week low
- $23.82
- Shares outstanding
- 40.87M
Financials
- Revenue, TTM
- $999.9M
- Profit margin
- 9.2%
- Return on equity
- 18.3%
- Quarterly earnings growth, YoY
- +25.0%
Risk and income
- Beta
- 0.89
- Typical daily move
- ±4.5%
- Typical 20-day move
- ±5.1%
Progress Software stock news this week
Coverage of Progress Software this week reads neutral: 0 positive, 10 neutral and 1 negative headlines.
- Form 4 Progress Software Corporation For: 12 October By Investing.comInvesting.com UK, Oct 12
- Progress software chief legal officer sells $46,065 in sharesInvesting.com, Oct 11
- Form 4 Progress Software Corporation For: 10 October By Investing.comInvesting.com India, Oct 11
- Implied Volatility Surging for Progress Software Stock OptionsTradingView, Oct 8
- Progress Software (NASDAQ:PRGS) Insider Yufan Stephanie Wang Sells 1,245 Shares of Company StockMarketBeat, Oct 7
- Progress Software (PRGS) legal chief sold 1,245 shares at $37 each under a preexisting trading plan.Stock Titan, Oct 7
Progress Software peers
Progress Software’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| MSFTMicrosoft | Neutral | 21.7% above |
| PLTRPalantir Technologies | Distribution | 22.3% above |
| ORCLOracle | Neutral | 24.3% below |
| PANWPalo Alto Networks | Neutral | 21.6% above |
| CRWDCrowdStrike | Neutral | 23.7% above |
| CRMSalesforce | Neutral | 3.6% below |
A peer links to its own page where one exists.
Progress Software stock FAQ
What is Progress Software’s market cap?
Progress Software’s market cap is $1.60B at the Oct 12, 2026 close of $38.99, with 40.87M shares outstanding. The shares trade on a P/E ratio of 17.6.
What is the Progress Software stock forecast?
The consensus analyst 12-month price target for Progress Software is $56.20, +44.1% from the last close. Of the 2 firms that rated the stock in the last 90 days, 2 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Progress Software stock overvalued or undervalued?
On Gekko’s estimate Progress Software is undervalued: the Oct 12, 2026 close of $38.99 is 47.8% below Gekko Fair Value of $74.68. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Progress Software report earnings next?
Progress Software is expected to report on Jan 19, 2027, after the market closes (99 days away). Analysts expect earnings of $1.26 per share on revenue of $300.3M. Progress Software beat the earnings estimate in 8 of its last 8 reports, moving 6.7% on average across the report.
What is Progress Software’s 52-week high and low?
Progress Software’s 52-week high is $47.25 and its 52-week low is $23.82; it closed at $38.99 on Oct 12, 2026, −16.0% over the past year. Over the last five years the shares peaked at $70.56 on Nov 25, 2024.
Is Progress Software stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (fair value, earnings risk and seasonality), 2 as mixed (trend and gekkoindex). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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