On September 23, 2025, KeyBanc downgraded Pros Holdings (NYSE: PRO) from an Overweight rating to a Sector Weight rating. At the time, the stock price was $22.85. This downgrade comes amid significant developments for the company, as Thoma Bravo, a private-equity firm, has announced its agreement to acquire PROS Holdings in a deal valued at approximately $1.4 billion.
PROS Holdings is a software company known for its AI-powered SaaS pricing and selling solutions. The acquisition by Thoma Bravo underscores the strategic importance and growth potential of PROS in the software industry. The deal values PROS at $1.4 billion, with shareholders set to receive $23.25 per share in cash, as highlighted by WSJ.
Despite the downgrade, the stock price of PROS Holdings reflects a slight decrease of approximately 0.72%, closing at $22.85. The stock experienced a low of $22.82 and a high of $23 during the trading day. Over the past year, PROS has seen a high of $29.84 and a low of $13.61, indicating significant volatility.
The market capitalization of PROS Holdings stands at approximately $1.1 billion, with a trading volume of 6,801,277 shares. This acquisition by Thoma Bravo marks a significant move in the software investment landscape, highlighting the firm's interest in expanding its portfolio with innovative technology companies.
