The CFO of Progress Software is Exercising Options

Today it was reported that the CFO of Progress Software (PRGSResearch Report), Paul Jalbert, exercised options to sell 14,406 PRGS shares at $29.05 a share, for a total transaction value of $693.7K.

Following Paul Jalbert’s last PRGS Sell transaction on July 12, 2016, the stock climbed by 18.5%.

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Based on Progress Software’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $117 million and GAAP net loss of $4.74 million. In comparison, last year the company earned revenue of $111 million and had a net profit of $18.43 million. The company has a one-year high of $52.50 and a one-year low of $34.71. Currently, Progress Software has an average volume of 531.89K.

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Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment.