Progress Software (PRGS) CFO Anthony Folger Sells $124K of Stock

Progress Software Corporation Chief Financial Officer Anthony Folger sold 3,067 shares of the company's stock on October 16, 2026. The transaction was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.

PRGS Progress Software Corporation

$43.35 ▲ +5.55% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Inside Anthony Folger's PRGS Trade

According to the regulatory filing, Folger executed the sale at an average price of $40.36 per share, totaling about $123,776. The planned transaction was executed under a Rule 10b5-1 trading plan. Following the sale, Folger directly holds 49,984 shares of Progress Software, representing a reduction of roughly 5.8% in his personal stock holding. The stock closed at $40.84 on the day of the trade.

Other Institutional Activity in Progress Software

Other large money managers adjusted their stakes in Progress Software during previous reporting periods. Victory Capital Management Inc. grew its holdings by 741,995 shares, ending with 1,689,867 shares worth about $73.3 million. Arrowstreet Capital, Limited Partnership added 53,264 shares, bringing its total to 1,274,910 shares valued at roughly $55.3 million. LSV Asset Management grew its stake by 273,778 shares to reach 1,262,144 shares worth about $54.7 million. Manufacturers Life Insurance Co. lifted its position by 144,069 shares, holding 1,214,414 shares valued at approximately $52.6 million.

Progress Software Corporation Stock Up 2.6%

Progress Software shares recently traded around $43.35 as of October 20, 2026, putting the stock up about 6.1% since the transaction date. The shares have traded between a 52-week low of $23.82 and a high of $47.25.

Recent Earnings

Progress Software generated trailing-twelve-month revenue of nearly $1.0 billion alongside basic annual earnings of $2.17 per share. The company posted a net profit margin of 9.2% and a return on equity of 18.3%. The next quarterly earnings report is scheduled for January 19, 2027.

Dividend

Progress Software does not currently pay a dividend, maintaining a dividend payout ratio of 0.0%.

Insider Buying and Selling at Progress Software Corporation

Several other company insiders executed stock sales in recent months. Officer Sundar Subramanian sold 10,597 shares on July 1, 2026, for about $405,547. Officer Loren Jarrett sold 11,747 shares on July 29, 2026, valued at roughly $488,778. Anthony Folger previously sold 2,000 shares on August 14, 2026, for approximately $89,600. Officer Yufan Stephanie Wang sold 1,245 shares on October 5, 2026, for about $46,065.

Analysts Set New Price Targets

Wall Street analysts maintain various views on Progress Software stock. DA Davidson maintained a buy rating while adjusting its price target to $55 on August 12, 2026. Oppenheimer previously reiterated an outperform rating with a $50 price target on July 1, 2026. Overall, the company carries a consensus analyst rating from five reporting opinions with a mean price target of $56.20.

About Progress Software

Progress Software Corporation builds infrastructure software that helps developers create and manage digital experiences and artificial intelligence applications. The Burlington, Massachusetts-based firm serves enterprise customers globally through its suite of software tools.

Bottom Line

CFO Anthony Folger's planned sale trims his personal holdings while leaving him with nearly 50,000 shares. Investors will look toward the company's next earnings report on January 19, 2027, for further updates on financial performance.