Gupta Yogesh K

CEO Yogesh K Gupta bought 2,100 shares of PRGS at $49.14 as stock is -28.5% from 52-week high

Gupta purchased 2,100 shares (2.1K shares) at $49.14, bringing his holdings to 232,396 shares (232.4K shares). The purchase occurs during significant downward pressure: the stock trades at $49.97, down -28.5% from its 52-week high of $69.89 and -22.6% over the past 30 days. At the same-ticker level, Gupta's prior 5 trades at PRGS comprise 5 separate sales occurring between February and October 2024, of which only 1 of 3 measurable sales proved well-timed at the 90-day mark. His cross-ticker track record shows 5 prior sells with a 90-day well-timed rate of 33.33%, indicating inconsistent timing overall. The shift from five prior sales to this discretionary purchase is notable, though the company remains fundamentally sound with $237,355,000 (237.4M) in quarterly revenue, +8.5% annual growth, and a market cap of $2,154,124,099.59 (2.2B).

CEO Gupta sells 8,028 shares of PRGS at $67.00; stock up 17.7% in 90 days post-sale

On 2024-10-01, Chief Executive Officer Yogesh K Gupta sold 8,028 shares at $67.00 for $537,916.14, reducing his holdings by 5.1%. This transaction occurred near the 52-week high of $67.37, with the stock subsequently trading at $64.81 today. Gupta's cross-ticker track record shows 4 prior sells with an average 90-day return of -4.9% and a well-timed rate of 50.00%, but his ticker-specific history at PRGS (4 prior sells) shows mixed results: 2 of 4 prior sells were well-timed at the 90-day mark, with 90-day returns of -11.8%, -13.0%, +3.4%, and +1.7%. The current sale occurred as PRGS stock has gained 17.7% over 90 days and 11.4% over 30 days, and at a valuation of 37.90 P/E supported by 15.4% annual revenue growth and $175.1M in latest-quarter revenue. The sale at or near the 52-week high, coupled with the subsequent 90-day positive performance, represents a poorly-timed exit relative to recent momentum; this contrasts with Gupta's mixed historical success timing exits in this stock.