Insider Selling: Pegasystems Inc. (PEGA) CFO Sells 830 Shares of Stock
Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 830 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $49.92, for a total transaction of $41,433.60. Following the transaction, the chief financial officer now directly owns 4,686 shares in the company, valued at $233,925.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kenneth Stillwell also recently made the following trade(s):
- On Wednesday, November 1st, Kenneth Stillwell sold 3,978 shares of Pegasystems stock. The stock was sold at an average price of $57.83, for a total transaction of $230,047.74.
- On Monday, October 2nd, Kenneth Stillwell sold 1,228 shares of Pegasystems stock. The stock was sold at an average price of $57.97, for a total transaction of $71,187.16.
Pegasystems Inc. (NASDAQ PEGA) traded down $0.15 during trading hours on Tuesday, hitting $49.10. 315,563 shares of the stock traded hands, compared to its average volume of 331,829. The stock has a market capitalization of $3,912.46, a P/E ratio of 116.86 and a beta of 1.24. Pegasystems Inc. has a 12-month low of $34.05 and a 12-month high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $179.80 million for the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. analysts forecast that Pegasystems Inc. will post 0.26 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Pegasystems by 1.3% during the second quarter. Bank of Montreal Can now owns 4,785 shares of the technology company’s stock worth $280,000 after purchasing an additional 62 shares during the period. Legal & General Group Plc raised its stake in Pegasystems by 1.1% during the second quarter. Legal & General Group Plc now owns 14,206 shares of the technology company’s stock worth $830,000 after purchasing an additional 155 shares during the period. The Manufacturers Life Insurance Company raised its stake in Pegasystems by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 29,432 shares of the technology company’s stock worth $1,717,000 after purchasing an additional 587 shares during the period. Voya Investment Management LLC raised its stake in Pegasystems by 6.2% during the second quarter. Voya Investment Management LLC now owns 17,380 shares of the technology company’s stock worth $1,014,000 after purchasing an additional 1,010 shares during the period. Finally, Swiss National Bank raised its stake in Pegasystems by 2.2% during the second quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $3,752,000 after purchasing an additional 1,400 shares during the period. 46.90% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. Mitsubishi UFJ Financial Group set a $57.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a research note on Thursday, August 10th. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Pegasystems has an average rating of “Hold” and an average target price of $63.00.
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Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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