Anthony Folger

Director Anthony Folger purchases 2,500 shares of CSPI at $9.36; cluster of 3 other insider buys within 14 days

Anthony Folger, a Director, purchased 2,500 shares at $9.36 on 2026-05-15, increasing his holdings from 10,000 shares to 12,500 shares (+25.0% vs pre-transaction holdings). The current price of $9.60 is -43.5% from the 52-week high of $16.98, placing the buy near the lower end of recent trading range. Notably, 3 other insiders also bought within the past 14 days, forming a cluster purchase pattern. The company reported $16.0M in latest quarterly revenue and $264.0K net income, though it was unprofitable over its most recent full fiscal year. This multi-insider buying activity within a short window coincides with a period when the stock trades significantly below its 52-week high.

CFO Anthony Folger sells 15,000 PRGS shares in 3 transactions for $844,555.70; holdings reduced 25.2%

Anthony Folger, Chief Financial Officer of Progress Software, executed three separate sales on 2025-02-03 totaling 15,000 shares for $844,555.70, reducing his holdings from 59,564 shares to 44,564 shares—a 25.2% reduction in pre-transaction holdings. The blended average price of $56.30 is approximately 1.8% below the current price of $57.33, and the stock is down 12.2% over the past 30 days and down 18.0% from its 52-week high of $69.89. Across his cross-ticker open-market history, Folger's 6 prior sells have demonstrated a 100.00% well-timed rate at the 90-day mark (avg 90d return -7.6%), and at PRGS specifically, his 2 measurable prior sells in 2024 both posted negative 90-day returns (-7.3% and -7.9%). However, without a disclosed 10b5-1 trading plan FLAG or transaction reason, the motivation for this sizable reduction cannot be determined from the filing alone.

CFO Anthony Folger sells 7,797 shares at $67.38–$67.87 for $525,420.70, reducing holdings 18.8%

Anthony Folger, Chief Financial Officer of Progress Software, executed two separate sales on 2024-10-16, selling 7,797 shares (7.8K shares) for a blended average price of $67.39, bringing his post-transaction holdings to 33,774 shares (33.8K shares) from 41,571 shares (41.6K shares). The sale represents an 18.8% reduction in his shareholding at prices near the 52-week high of $67.37. While the stock has appreciated 14.6% over the past 30 days and 18.7% over 90 days, placing the company's valuation metrics at a notably elevated P/E of 34.15, his prior four sales at this ticker show no yet-measurable outcomes. The scale of this divestiture—nearly a fifth of holdings—is material relative to his normal transaction size, though his cross-ticker track record shows only four prior open-market sells across all tickers.