SCHEDULE 13G/A: Alger Associates Amends PROS Holdings Stake, Reports 4.7% Beneficial Ownership

Alger Associates, Inc. has filed an Amendment No. 5 to its Schedule 13G, disclosing a 4.7% beneficial ownership stake in PROS Holdings, Inc. as of December 31, 2024.

Summary

• Alger Associates, Inc., a New York-based holding company, filed an Amendment No. 5 to its Schedule 13G regarding its beneficial ownership in PROS Holdings, Inc.
• As of December 31, 2024, Alger Associates, Inc. beneficially owns an aggregate of 2,207,784 shares of PROS Holdings, Inc. Common Stock.
• This ownership represents 4.7% of the class of securities.
• Alger Associates, Inc. holds sole voting power over 1,934,943 shares and sole dispositive power over 2,207,784 shares.
• The securities are held by one or more open-end investment companies or other managed accounts that are investment management clients of Fred Alger Management, LLC (FAM) and Weatherbie Capital, LLC (WC), both 100% owned subsidiaries of Alger Group Holdings, LLC, which is in turn 100% owned by Alger Associates, Inc.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PROS Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Schedule 13G amendment) reporting beneficial ownership. It is purely informational and does not contain positive or negative financial news, hence a neutral sentiment score.

Future Outlook

This document, a Schedule 13G amendment, is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's stock, or in this case, an amendment to a previous filing. They provide transparency into significant ownership stakes, which can be of interest to other investors tracking institutional activity. This filing indicates Alger Associates, Inc. maintains a notable, though non-controlling, passive investment in PROS Holdings, Inc.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's stake, which can influence market perception and liquidity.
• Investment Professionals: Offers data for tracking institutional ownership trends and portfolio allocations.

Key Dates

Keywords

PROS Holdings, Alger Associates, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Ownership, Investment Management, Holding Company