CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Anthony Beachey, Financial Journalist. Data refreshed daily. Not financial advice.
Progress Software Corp. (PRGS) is currently trading at $38.61, below its 50-day SMA of $41.59 and 20-day EMA of $39.25, indicating near-term technical weakness. Recent insider activity shows a 'Moderate Sell Signal' with net selling totaling $5.4 million against $428.2K in purchases. Fundamental analysis reveals a P/E ratio of 17.9, which is significantly lower than the sector median of 34, suggesting a potential valuation discount. The company's profit margin stands at 9.24% and its return on equity is 18.34%, outperforming the sector average ROE of 13.4%. Despite these strengths, the negative revenue growth of -1.5% warrants attention, especially as the company aims for future growth. The primary risk appears to be the ongoing insider selling and the current technical downtrend.
PRGS at a glance
Progress Software Corp. (PRGS): Buy, 70/100 on CleaRank's AI score.
TrendMixed: the price is above its 200-day but below its 50-day moving average ($36.59 and $41.59).
EarningsPRGS beat estimates in 3 of its last 3 quarters, yet fell the next day after 2 of those beats.
InsidersInsiders sold $5.4M and bought $428K over the last 18 months.
ValuationP/E of 17.9 against 34.0 for the Technology sector: a discount to peers (-47%).
As of October 14, 2026, Progress Software Corp. (PRGS) trades at $38.61. Wall Street's consensus target is $53.00 across 5 analysts. The 14-day RSI (daily closes) is 45, in neutral territory, and the price is below its 50-day simple moving average of $41.59.
Figures as of October 14, 2026.
Only on CleaRank
Figures we compute ourselves from PRGS's own price, earnings and insider-filing history. Tap one to see it in context.
Trading at a notable discount to sector peers (-47%), which may indicate undervaluation or specific company headwinds.
PRGS Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
In the last 3 quarters, PRGS beat the analyst estimate 3 times; the stock fell in the first session after 2 of those beats.
PRGS earnings surprises and the stock's reaction
Report
EPS estimate
EPS actual
Surprise
First session
5 sessions
Sep 30, 2026
$1.52
$1.69
+11.18%
-8.48%
-6.91%
Jun 30, 2026
$1.49
$1.62
+8.72%
+16.62%
+12.45%
Mar 30, 2026
$1.57
$1.60
+1.91%
-9.27%
+2.65%
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
As of October 14, 2026, PRGS has beaten the analyst EPS estimate in 3 of its last 3 reported quarters and fell in the first trading session after 2 of those beats; its latest report, on September 30, 2026, came in 11.18% above the estimate and the stock moved -8.48% in the first session.
PRGS Analysis
Company's Health3/5
12-Month Analyst Target+37.27% above price
Median of 5 analysts (12-month)
$53.00
AI Analyst Consensus ScoreBuy
Progress Software Corp. (PRGS) is currently trading below its 50-day SMA of $41.59 and its 20-day EMA of $39.25, indicating a bearish short-term trend. The 200-day SMA at $36.59 is acting as support, with the current price of $38.61 trading above it. The 14-day RSI is at 44.75, signaling neutral momentum. Key support is identified at the 200-day SMA of $36.59, while immediate resistance lies at the 20-day EMA of $39.25 and the 50-day SMA of $41.59. Volume on the latest trading day was 444,191, which is 43.2% below the average volume, suggesting a lack of strong conviction from traders. The current chart structure points towards potential consolidation or a continued downtrend until key moving averages are reclaimed.
ProTips
Progress Software (PRGS) is trading below its 50-day SMA and 20-day EMA, suggesting caution for short-term traders until these levels are reclaimed.
Key Catalysts
BullishStrong Revenue Growth Rebound Expected
Analysts project a significant acceleration in revenue growth, with current quarter estimates at +19.00% and next year's at +22.00%, which could drive positive price action if realized.
Source: Wall Street Estimates
BearishModerate Insider Selling Signal
Insiders have been net sellers, with total sales of $5.4 million against $428.2K in purchases, indicating potential concerns or diversification strategies among management.
The stock is trading below its 50-day SMA ($41.59) and 20-day EMA ($39.25), suggesting bearish momentum and potential for further price declines.
Source: Technical Analysis
BullishAttractive Valuation Relative to Sector
Progress Software's P/E ratio of 17.9 and P/S ratio of 1.59 are considerably lower than sector medians, offering potential upside if growth re-accelerates.
Source: Fundamental Analysis
Market Outlook
The base case for Progress Software Corp. (PRGS) over the next 6-12 months anticipates a potential recovery towards its median analyst target price of $53, driven by a rebound in revenue growth and its attractive valuation relative to the sector. The company's strong profit margins and return on equity provide a solid foundation for this outlook, and analysts project strong revenue growth for the upcoming year. However, the current technical downtrend and significant insider selling present considerable downside risks. A failure to reclaim key moving averages or a continuation of the selling pressure could push the stock towards its 200-day SMA support at $36.59, or even lower if market sentiment shifts unfavorably. Positive catalysts would include a clear reversal in insider activity and sustained revenue growth exceeding analyst expectations.
Key Statistics
Market Cap
1.58B
P/E Ratio
17.90
EPS (TTM)
2.17
Dividend Yield
1.81%
52 Week High
47.25
52 Week Low
23.82
As of October 14, 2026, PRGS trades at $38.61, with a market value of $1.58B, a P/E ratio of 17.90 and a dividend yield of 1.81%.
Progress Software Corp. (PRGS) presents a mixed fundamental picture, trading at a P/E ratio of 17.9, which is substantially lower than the sector median of 34, indicating it may be undervalued relative to its peers. The company boasts a healthy profit margin of 9.24% and a strong return on equity of 18.34%, surpassing the sector average ROE of 13.4%. Its price-to-sales ratio is 1.59, also below the sector average of 7.5. However, the company has experienced a slight revenue contraction of -1.5%. While forward revenue growth estimates for the next year are projected at 22.00%, the current trajectory and a debt-to-equity ratio of 2.39, which is higher than the sector average, warrant caution. The company's ability to convert its strong profitability into consistent revenue growth will be key to justifying its current valuation and future potential.
Earnings & Growth Analysis
Despite this beat, the stock experienced a price decline of -8.48%. This follows a pattern of mixed reactions to earnings beats, as seen in the March 30, 2026, report where an EPS beat of 1.91% resulted in a -9.27% price drop. The company has consistently beaten EPS estimates over the last three reported quarters, but the market's reaction has been volatile. Revenue growth for the current quarter is estimated at +19.00% year-over-year, indicating a rebound from the recent slight contraction.
Key Risks
Technically, the stock is trading below key moving averages (50-day SMA and 20-day EMA), suggesting a bearish short-term trend. Also, the company has experienced a recent revenue contraction of -1.5%, which could pose a challenge to future growth prospects.
Technical Indicators i
RSI (14-day)
44.75
MACD (12, 26)
-0.812
SMA (50-day)
41.59
SMA (200-day)
36.59
Technical RatingBearish
RSI
Neutral
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bearish
Golden Cross in effect with the 50-day SMA ($41.59) above the 200-day SMA ($36.59), price is trading below the 50-day SMA.
As of October 14, 2026, with PRGS at $38.61, its 14-day RSI is 44.8 (neutral territory), its 50-day simple moving average is $41.59 and its 200-day is $36.59.
Calculated by CleaRank on daily closes as of October 14, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.23
Weak correlation
Nasdaq 100 (QQQ)+0.17
Weak correlation
Bitcoin (BTC)+0.06
Weak correlation
Gold (XAU)-0.06
Weak correlation
As of October 14, 2026, PRGS's 1-year correlation of daily returns is +0.23 with S&P 500 (SPY), +0.17 with Nasdaq 100 (QQQ), +0.06 with Bitcoin (BTC) and -0.06 with gold (XAU).
Check Custom Correlation
How does any other asset move with PRGS? One year of daily closes, Pearson correlation.
Try
PRGS Wall Street View
12-month price targets
Low $40.00Median $53.00 (+37.3%)High $83.00
The price, $38.61, sits below every analyst's target.
Ratings
Buy 4Hold 1Sell 03 months ago: 5 of 5 buy
Recent rating actions
Recent analyst rating actions on PRGS
Date
Firm
Action
Rating
Oct 2, 2026
DA Davidson
Maintains
Buy
Aug 12, 2026
DA Davidson
Maintains
Buy
Jul 23, 2026
DA Davidson
Maintains
Buy
Jul 1, 2026
DA Davidson
Maintains
Buy
Jul 1, 2026
Oppenheimer
Maintains
Outperform
Jul 1, 2026
Guggenheim
Reiterates
Buy
As of October 14, 2026, 5 Wall Street analysts cover PRGS: 4 rate it a buy or strong buy, 1 a hold and 0 a sell or strong sell. Their 12-month price targets range from $40.00 to $83.00, with a median of $53.00, 37.3% above the price of $38.61.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
PRGS Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$37.84
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$38.61
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$35.99
MAX LOSS
-4.9%
Volatility-Adjusted Stop Loss
Calculated based on RSI (44.8) and current market volatility
These levels come from PRGS's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in PRGS in October 2016 would be worth about $14,548 today, compared with about $36,506 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.
Compare with Another Ticker
PRGS Drawdowns & Recovery
Worst fall, last 10 years
-60.8%
November 2024 to May 2026
Recovery
Not yet
still 44.2% below the November 2024 peak
From the 10-year high
-44.8%
highest close, November 2024
1-year holds that gained
59%
of every 1-year window
As of October 14, 2026, PRGS's worst peak-to-trough fall over the last 10 years was -60.8% (November 2024 to May 2026); it is still 44.2% below that peak, and 59% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in PRGS today could grow to about $16,514 by 2036 in the base case, with a 90th-percentile outcome near $66,261 and a 10th-percentile outcome around $4,116. The simulation models price only; at today's 1.81% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
PRGS Stock Price Prediction: 2030
CleaRank's simulation projects a price near $47.19 for PRGS by 2030 in the base case, from $38.61 today (1.2x over 4 years). The 10th-percentile path ends near $19.60. These are outcomes of a Monte Carlo simulation run on PRGS's historical return distribution, not price targets, and they assume no dividends are reinvested.
PRGS simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$26.16
$40.60
$62.99
2028
$22.93
$42.68
$79.46
2029
$20.97
$44.88
$96.06
2030
$19.60
$47.19
$114
2031
$18.58
$49.62
$133
Method: a lognormal simulation of PRGS's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
As of October 14, 2026, PRGS insiders reported 17 open-market sales worth $5.4M and 3 open-market purchases worth $428K over the last 18 months; grants and option exercises are not counted.
Recent insider transactions in PRGS
Date
Insider
Type
Shares
Value
Oct 5, 2026
WANG YUFAN STEPHANIE
Officer
Sell
1.2K
$46.1K
Oct 1, 2026
AINSWORTH JOHN
Officer
Grant
5.1K
-
Oct 1, 2026
FOLGER ANTHONY
Chief Financial Officer
Grant
10.2K
-
Oct 1, 2026
GUPTA YOGESH K.
Chief Executive Officer
Grant
27.2K
-
Oct 1, 2026
JARRETT LOREN
Officer
Grant
5.1K
-
Oct 1, 2026
LOCOCO DOMENIC
Officer
Grant
2.9K
-
Oct 1, 2026
SUBRAMANIAN SUNDAR
Officer
Grant
5.1K
-
Oct 1, 2026
WANG YUFAN STEPHANIE
Officer
Grant
3.9K
-
Aug 14, 2026
FOLGER ANTHONY
Chief Financial Officer
Sell
2.0K
$89.6K
Jul 29, 2026
JARRETT LOREN
Officer
Sell
11.7K
$488.8K
Page 1 of 1
Frequently Asked Questions
How has Progress Software (PRGS) performed in recent earnings reports?
Progress Software (PRGS) has consistently beaten EPS estimates in its last three reported quarters, including a recent 11.18% beat for the quarter reported September 30, 2026. However, the stock price reaction to these beats has been mixed, with a notable decline following the latest earnings release.
What are the main risks facing Progress Software (PRGS)?
Key risks for Progress Software (PRGS) include significant insider selling totaling $5.4 million, a bearish technical trend indicated by prices below key moving averages, and a recent revenue contraction of -1.5%.
How does Progress Software's (PRGS) valuation compare to its sector?
Progress Software (PRGS) trades at a P/E ratio of 17.9, significantly lower than the sector median of 34, and a price-to-sales ratio of 1.59 compared to the sector's 7.5. Its return on equity of 18.34% also exceeds the sector average of 13.4%.
What is the outlook for Progress Software's (PRGS) revenue growth?
While Progress Software (PRGS) recently reported a -1.5% revenue growth, forward estimates suggest a strong rebound, with current quarter revenue growth projected at +19.00% and next year's growth estimated at +22.00%.
Does PRGS pay a dividend?
Yes. As of October 14, 2026, PRGS's dividend yield is 1.81%, or about $0.7 per share a year at the current price of $38.61. Yields move with the share price and with changes to the payout.
Is PRGS in an uptrend?
Not clearly. Progress Software Corp. (PRGS) trades at $38.61, above its 200-day but below its 50-day moving average ($36.59 and $41.59). Its 14-day RSI on daily closes is 44.8, in neutral territory.
Are insiders buying or selling PRGS?
Selling, on balance. In the last 18 months, PRGS's officers, directors and large holders reported 17 sales worth $5.4M and 3 open-market purchases worth $428K. Grants and option exercises are not counted as buying.
What is the analyst price target for PRGS?
As of October 14, 2026, the 5 Wall Street analysts covering PRGS have 12-month targets from $40.00 to $83.00, with a median of $53.00, 37.3% above the current price of $38.61. 4 rate it a buy or strong buy, 1 a hold and 0 a sell or strong sell. Three months ago 5 of 5 rated it a buy.
What is PRGS's biggest drop in the last 10 years?
Progress Software Corp. (PRGS)'s worst peak-to-trough fall over the last 10 years was -60.8%, from November 2024 to May 2026. It has not regained that peak yet and is still 44.2% below it. Over the same period, 59% of 1-year holding periods ended with a gain.
What are PRGS's best and worst months?
Over the last 10 years, April has been PRGS's strongest month on average (+5.98%, rising in 6 of 10 years) and March its weakest (-7.85%, rising in 4 of 10 years). Seasonal averages describe the past and do not predict a given year.
