Progress Software (PRGS) reported fiscal third-quarter 2026 revenue of $246.0 million, down 2% from a year earlier. GAAP net income rose 17% to $22.8 million, while diluted earnings per share increased 25% to $0.55.
Annualized recurring revenue increased 1% year over year to $873 million on a constant-currency basis. The company also said its acquisition of Domo's AI and Data Platform business closed during the quarter.
- GAAP operating income was $46.6 million, up 6% from $43.9 million.
- GAAP operating margin was 19%, compared with 18% a year earlier.
- Cash from operations totaled $88.0 million, up 20% year over year.
- Cash and cash equivalents were $113.7 million at quarter end.
- Updated fiscal 2026 revenue guidance is $1.044 billion to $1.052 billion, with GAAP diluted EPS guidance of $1.18 to $1.28.
- Fourth-quarter revenue guidance is $297 million to $305 million, with GAAP diluted loss per share guidance of $0.41 to $0.32.
$PRGS Insider Trading Activity
$PRGS insiders have traded $PRGS stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 2 sales selling 11,747 shares for an estimated $488,777.
- SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 10,597 shares for an estimated $405,547
- ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 3 sales selling 6,474 shares for an estimated $219,933.
- YUFAN STEPHANIE WANG (Chief Legal Officer) has made 0 purchases and 2 sales selling 5,019 shares for an estimated $144,851.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PRGS Hedge Fund Activity
We have seen 163 institutional investors add shares of $PRGS stock to their portfolio, and 135 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON TRUST WALDEN CORP removed 1,720,324 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $57,768,479
- VICTORY CAPITAL MANAGEMENT INC added 1,670,308 shares (+8539.8%) to their portfolio in Q2 2026, for an estimated $56,088,942
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 682,103 shares (+inf%) to their portfolio in Q2 2026, for an estimated $22,905,018
- AQR CAPITAL MANAGEMENT LLC added 652,620 shares (+167.5%) to their portfolio in Q2 2026, for an estimated $21,914,979
- GOLDMAN SACHS GROUP INC added 607,467 shares (+93.3%) to their portfolio in Q2 2026, for an estimated $20,398,741
- BLACKROCK, INC. added 598,449 shares (+8.6%) to their portfolio in Q2 2026, for an estimated $20,095,917
- SEGALL BRYANT & HAMILL, LLC added 545,957 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,333,236
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PRGS Congressional Stock Trading
Members of Congress have traded $PRGS stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by members of Congress over the last 6 months:
- REPRESENTATIVE KEVIN HERN sold up to $50,000 on 08/31.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
