ShareFile recognized by Gartner as a Visionary in document management for its execution and vision capabilities.
Quiver AI Summary
Progress has announced that its recently acquired platform, ShareFile, has been recognized by Gartner as a Visionary in the 2024 Gartner Magic Quadrant for Document Management. ShareFile was evaluated among 15 vendors based on its ability to execute and completeness of vision. Loren Jarrett, EVP & GM of Digital Experience at Progress, highlighted ShareFile's features, including AI-driven enhancements that improve workflow efficiency and security, as key to its transformational impact on organizational collaboration and productivity. The recognition emphasizes ShareFile's role in helping enterprises manage unstructured information effectively, further enhancing their digital workplace capabilities. For more details about ShareFile, visit the Progress website.
Potential Positives
- Progress' ShareFile has been recognized as a Visionary in the 2024 Gartner Magic Quadrant for Document Management, showcasing its strong position in the market.
- This acknowledgment highlights ShareFile's advanced document management, collaboration solutions, and AI-powered features that enhance productivity and security for organizations.
- The recognition from Gartner underscores the transformative value of ShareFile in improving organizational workflows and client experiences.
Potential Negatives
- While ShareFile was recognized as a Visionary by Gartner, it is still not positioned in the Leaders quadrant, which may raise concerns about its competitive standing in the market.
- The disclaimer from Gartner emphasizes that the ratings and designations should not solely dictate vendor selection, potentially undermining the significance of the recognition.
- The press release does not provide any insights on the specific areas where ShareFile may need improvement, leaving potential customers uncertain about its limitations or risks.
FAQ
What is Progress ShareFile recognized for?
Progress ShareFile has been recognized as a Visionary in the 2024 Gartner Magic Quadrant for Document Management.
Who evaluates vendors in the Gartner Magic Quadrant?
Vendors are evaluated by Gartner based on their Ability to Execute and Completeness of Vision.
What features does ShareFile offer?
ShareFile includes collaboration workflows, client portals, e-signatures, and AI-powered secure sharing, among other features.
What is the significance of ShareFile’s recognition?
The recognition underscores ShareFile's value in enhancing productivity and streamlining workflows for organizations.
How can I learn more about ShareFile?
For more information, visit the Progress ShareFile website at https://www.sharefile.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PRGS Insider Trading Activity
$PRGS insiders have traded $PRGS stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 5 sales selling 22,797 shares for an estimated $1,369,976.
- LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 3 sales selling 11,740 shares for an estimated $666,789.
- YOGESH K GUPTA (Chief Executive Officer) sold 8,028 shares for an estimated $537,916
- DOMENIC LOCOCO (Chief Accounting Officer) has made 0 purchases and 4 sales selling 7,086 shares for an estimated $445,865.
- IAN PITT (Chief Information Officer) has made 0 purchases and 2 sales selling 3,229 shares for an estimated $197,558.
- YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $93,177
- SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 649 shares for an estimated $41,548
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PRGS Hedge Fund Activity
We have seen 151 institutional investors add shares of $PRGS stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. added 1,140,626 shares (+45918.9%) to their portfolio in Q4 2024, for an estimated $74,311,783
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- NOMURA HOLDINGS INC removed 520,337 shares (-53.8%) from their portfolio in Q4 2024, for an estimated $33,899,955
- LEUTHOLD GROUP, LLC removed 409,752 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $26,695,342
- NATIXIS added 384,700 shares (+287.1%) to their portfolio in Q4 2024, for an estimated $25,063,205
- MARSHALL WACE, LLP removed 352,934 shares (-79.6%) from their portfolio in Q4 2024, for an estimated $22,993,650
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$PRGS Analyst Ratings
Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wedbush issued a "Buy" rating on 10/22/2024
- Oppenheimer issued a "Outperform" rating on 10/22/2024
To track analyst ratings and price targets for $PRGS, check out Quiver Quantitative's $PRGS forecast page.
$PRGS Price Targets
Multiple analysts have issued price targets for $PRGS recently. We have seen 3 analysts offer price targets for $PRGS in the last 6 months, with a median target of $78.0.
Here are some recent targets:
- Brent Thill from Jefferies set a target price of $70.0 on 01/06/2025
- Ittai Kidron from Oppenheimer set a target price of $80.0 on 10/22/2024
- John DiFucci from Guggenheim set a target price of $78.0 on 10/01/2024
Full Release
ShareFile is recognized for its completeness of vision and ability to execute
BURLINGTON, Mass., March 25, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that Progress® ShareFile® has been recognized by Gartner as a Visionary in the 2024 Gartner Magic Quadrant for Document Management 1 . Recently acquired by Progress, ShareFile was one of 15 vendors evaluated in the report based on its “Ability to Execute” and “Completeness of Vision.”
“ShareFile’s advanced document management and collaboration solutions streamline organizations’ workflows, enhance productivity with AI features and harden security layers while delivering outstanding client experiences,” said Loren Jarrett, EVP & GM of Digital Experience at Progress. “To us, this recognition from Gartner underscores ShareFile's transformative value in helping organizations work smarter, collaborate better and delight their customers.”
Gartner defines document management as “the tools and practices used to capture, store, process and access documents and content in support of personal, team and enterprise needs. It is used for a wide range of collaborative and operational purposes, enabling the digital workplace, content collaboration, content-centric processes, content services for enterprise applications and content governance.”
According to the report, “an estimated 70% to 80% of enterprise information is unstructured, posing a significant challenge for organizations that must unlock the potential and mitigate the risks of content.” As a SaaS-native, AI-powered, content-centric collaboration platform, the comprehensive features of the ShareFile solution include:
- Collaboration workflows, with industry specialization
- User-friendly client portals
- Document request lists
- Native e-signature functionality
- Threat detection alerts with automated remediation
- AI-powered secure share recommender
- Email plug-ins for Outlook and Gmail
- Ready-to-use templates
For more information about the Progress ShareFile solution, go to https://www.sharefile.com . To download a complimentary copy of the report, click here .
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and /or its affiliates and are used herein with permission. All rights reserved.
About Progress
Progress
(Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at
www.progress.com
.
Progress and ShareFile are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.
Press Contacts:
Kim Baker
Progress
+1-800-477-6473
[email protected]
1 Gartner, Magic Quadrant for Document Management, Tim Nelms, Marko Sillanpaa, Max Goss, Chris Jackson, December 18, 2024
