PRGS
Progress Software CorporationTechnology · $1.5B market cap
Verdict
Share price
$36.90
close of Oct 3, 2026
Fair value
$49.38
Sticker Price
Payback Price
$19.75
buy price
PRGS is Undervalued: at $36.90 it trades 25% below its fair value of $49.38. Its buy price (Payback Price) is $19.75, 46% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.
How we valued it
Free Cash Flow Growth. Free cash flow is growing faster than reported earnings, so we project free cash flow 10 years ahead instead.
Business quality
0 of 5 clear the 10% bar. What are the Big Five?
Follow PRGS
Get notified when it reaches its buy price of $19.75. Free.
Create a free accountSuperinvestors
None of the investors we track holds PRGS right now. In Q2 2026, 1 sold out. Who we track
Moves in Q2 2026
Sold out: Howard Marks
Insider activity
Since Jul 1, 2026: no open-market purchases, 4 sales worth $984K and 9 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
FOLGER ANTHONY
Chief Financial Officer · 2026-08-14
Sold
$90K
Jarrett Loren
EVP/GM Digital Experience · 2026-07-29
Sold
$74K
Jarrett Loren
EVP/GM Digital Experience · 2026-07-29
Sold
$415K
Subramanian Sundar
EVP/GM Infrastructure Mgmt · 2026-07-01
Sold
$406K
Other filings
About Progress Software Corporation
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of…
Software - Infrastructure
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works