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Who are the Institutional Holders in Progyny Inc. (PGNY)?

262 institutions hold shares in Progyny Inc. (PGNY), with 8.03M shares held by insiders accounting for 9.21% while institutional investors hold 91.49% of the company’s shares. The shares outstanding are 86.80M, and float is at 63.41M with Short Float at 3.67%. Institutions hold 83.06% of the Float.

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The top institutional shareholder in the company is Tpg Group Holdings (sbs) Advisors, Inc. with over 14.73 million shares valued at $624.2 million. The investor’s holdings represent 16.88% of the PGNY Shares outstanding. As of Dec 30, 2020, the second largest holder is KPCB XIII Associates, LLC with 11.09 million shares valued at $470.26 million to account for 12.72% of the shares outstanding. The other top investors are Macquarie Group Limited which holds 5.39 million shares representing 6.18% and valued at over $228.32 million, while Fred Alger Management, LLC holds 5.18% of the shares totaling 4.52 million with a market value of $191.65 million.

Progyny Inc. (NASDAQ: PGNY) is 16.42% higher on its value in year-to-date trading and has touched a low of $20.07 and a high of $55.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PGNY stock was last observed hovering at around $52.97 in the last trading session, with the day’s loss setting it -3.62% off its average median price target of $54.00 for the next 12 months. It is also 14.91% off the consensus price target high of $58.00 offered by 4 analysts, but current levels are -0.71% lower than the price target low of $49.00 for the same period.

Currently trading at $49.35, the stock is 5.45% and 4.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.28 million and changing -6.83% at the moment leaves the stock 36.68% off its SMA200. PGNY registered 114.66% gain for a year compared to 6-month gain of 74.07%. The firm has a 50-day simple moving average (SMA 50) of $46.15 and a 200-day simple moving average (SMA200) of $40.20.

The stock witnessed a 7.21% loss in the last 1 month and extending the period to 3 months gives it a 3.05%, and is 3.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.73% over the week and 4.62% over the month.

Progyny Inc. (PGNY) has around 210 employees, a market worth around $4.09B and $344.90M in sales. Current P/E ratio is 106.36 and Fwd P/E is 95.64. Profit margin for the company is 13.50%. Distance from 52-week low is 145.89% and -10.27% from its 52-week high. The company has generated returns on investments over the last 12 months (27.60%).

Progyny Inc. (PGNY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Progyny Inc. (PGNY) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Progyny Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $121.27M over the same period.The EPS is expected to grow by 549.80% this year, but quarterly earnings will post 55.20% year-over-year.

Progyny Inc. (PGNY) Insider Activity

A total of 401 insider transactions have happened at Progyny Inc. (PGNY) in the last six months, with sales accounting for 345 and purchases happening 56 times. The most recent transaction is an insider sale by Payson Norman, the company’s Director. SEC filings show that Payson Norman sold 5,000 shares of the company’s common stock on Apr 15 at a price of $50.32 per share for a total of $0.25 million. Following the sale, the insider now owns 0.36 million shares.

Progyny Inc. disclosed in a document filed with the SEC on Apr 15 that KLEINER PERKINS CAUFIELD & BYE (10% Owner) sold a total of 18,127 shares of the company’s common stock. The trade occurred on Apr 15 and was made at $50.32 per share for $0.91 million. Following the transaction, the insider now directly holds 8.81 million shares of the PGNY stock.

Still, SEC filings show that on Apr 15, SEIDENBERG BETH C (Director) disposed off 18,127 shares at an average price of $50.32 for $0.91 million. The insider now directly holds 8,805,015 shares of Progyny Inc. (PGNY).

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