Analysts’ Weekly Ratings Changes for Progress Software (PRGS)

A number of research firms have changed their ratings and price targets for Progress Software (NASDAQ: PRGS):

• 10/8/2026 – Progress Software was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 10/5/2026 – Progress Software was upgraded by Zacks Research from “hold” to “strong-buy”.
• 10/2/2026 – Progress Software had its “buy” rating reaffirmed by DA Davidson. They now have a $55.00 price target on the stock.
• 9/25/2026 – Progress Software was upgraded by Jefferies Financial Group Inc. to “hold”.

Insider Buying and Selling at Progress Software

In other news, insider Yufan Stephanie Wang sold 1,245 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $37.00, for a total value of $46,065.00. Following the completion of the transaction, the insider owned 3,487 shares of the company’s stock, valued at approximately $129,019. This represents a 26.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.10% of the company’s stock.

Progress Software Corporation develops enterprise software that helps organizations build, deploy, integrate, and manage business applications and digital services. Its offerings are designed to support application development, data connectivity, integration, messaging, user experiences, and infrastructure performance across on-premises, cloud, and hybrid environments.

The company’s product portfolio includes OpenEdge for application development and deployment, DataDirect for data connectivity, MOVEit for managed file transfer, WhatsUp Gold for network monitoring, and Sitefinity for digital experience management.