Progress Software (PRGS) EVP Loren Jarrett Sells $91K of Stock
Key Points
- Progress Software Corporation EVP and GM of Digital Experience Loren Jarrett sold 2,086 shares of PRGS stock on October 21, 2026, for a total value of $90,678.42.
- After the trade, Loren Jarrett holds 10,815 $PRGS shares, down 16.17% from before the trade.
- Institutional investors like Victory Capital Management and Arrowstreet Capital hold large stakes in the software infrastructure provider.
- The company trades with a P/E ratio of 19.98 and reports its next financial results on January 19, 2027.
Since the trade, $PRGS is up 5.2% to date (from the $43.72 close on Oct 21, 2026).
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Progress Software Corporation EVP and GM of Digital Experience Loren Jarrett sold 2,086 shares of the company's stock on October 21, 2026. The transaction was revealed in a Form 4 filing submitted to the Securities and Exchange Commission.
PRGS
Progress Software Corporation
Inside Loren Jarrett's Progress Software Trade
Jarrett executed the sale at an average price of $43.47 per share, totaling $90,678.42. The trade was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Jarrett directly owns 10,815 shares of the company, cutting the personal stake by 16.17%. The stock closed at $43.72 on the day of the transaction.
Other Institutional Activity in Progress Software
Large financial firms adjustments to their holdings show steady interest in the infrastructure software developer. Victory Capital Management Inc. grew its holdings by 741,995 shares, ending with 1,689,867 shares worth about $77,700,083. Arrowstreet Capital, Limited Partnership grew its holdings by 53,264 shares, ending with 1,274,910 shares worth about $58,620,361. LSV Asset Management grew its holdings by 273,778 shares, ending with 1,262,144 shares worth about $58,033,380. Manufacturers Life Insurance Co. grew its holdings by 144,069 shares, ending with 1,214,414 shares worth about $55,838,755.
Progress Software Corporation Stock Up 8.8%
Progress Software shares recently traded around $45.98 as of October 22, 2026, putting the stock up about 5.2% since the transaction date and near its 52-week high of $47.25.
Recent Earnings
Progress Software reported trailing twelve-month revenue of $999,934,976 and earnings of $2.17 per share. The company posted a net profit margin of 9.2% and a return on equity of 18.3%. Investors will look toward the next earnings update on January 19, 2027, for further details on operational performance.
Insider Buying and Selling at Progress Software Corporation
Insiders have been active with company shares recently, including earlier transactions by Jarrett, Chief Financial Officer Anthony Folger, and other officers.
Analysts Set New Price Targets
Wall Street firms maintain varied stances on the software firm, with DA Davidson and Oppenheimer holding recent ratings and price targets.
About Progress Software Corporation
Progress Software Corporation builds software products that help organizations develop, deploy, and manage artificial intelligence-powered applications and digital experiences. The Burlington, Massachusetts-based company serves enterprise customers globally through various infrastructure software solutions.
Bottom Line
Investors monitoring Progress Software can track future Form 4 filings for further insider activity and watch for the upcoming earnings report on January 19, 2027.
Related Filing Alerts
Source: Loren Jarrett's Form 4 filing on $PRGS (Oct 21, 2026). Written by software, not financial advice. How we make alerts