Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $75,870.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $75.87, for a total value of $75,870.00. Following the completion of the sale, the chief financial officer now directly owns 5,710 shares of the company’s stock, valued at approximately $433,217.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kenneth Stillwell also recently made the following trade(s):

  • On Tuesday, November 12th, Kenneth Stillwell sold 4,666 shares of Pegasystems stock. The shares were sold at an average price of $73.66, for a total value of $343,697.56.
  • On Friday, November 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $76.07, for a total value of $76,070.00.
  • On Tuesday, October 1st, Kenneth Stillwell sold 1,000 shares of Pegasystems stock. The stock was sold at an average price of $68.97, for a total value of $68,970.00.

Shares of NASDAQ:PEGA traded up $0.41 during midday trading on Wednesday, hitting $75.31. 406,441 shares of the stock were exchanged, compared to its average volume of 321,466. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. Pegasystems Inc. has a twelve month low of $43.21 and a twelve month high of $79.67. The company has a 50 day moving average price of $75.52 and a 200-day moving average price of $73.13.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). The business had revenue of $216.70 million during the quarter, compared to the consensus estimate of $216.68 million. Pegasystems had a negative return on equity of 14.16% and a negative net margin of 8.41%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities research analysts expect that Pegasystems Inc. will post -0.92 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. BidaskClub downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush lifted their price target on Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. DA Davidson lifted their price target on Pegasystems to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, ValuEngine downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $82.67.

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Pegasystems by 2.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,427 shares of the technology company’s stock worth $600,000 after purchasing an additional 236 shares in the last quarter. Wedbush Securities Inc. increased its position in Pegasystems by 6.6% during the 3rd quarter. Wedbush Securities Inc. now owns 4,237 shares of the technology company’s stock worth $288,000 after purchasing an additional 262 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Pegasystems by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,484 shares of the technology company’s stock worth $237,000 after purchasing an additional 271 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Pegasystems by 27.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,250 shares of the technology company’s stock worth $85,000 after purchasing an additional 273 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Pegasystems by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 15,295 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 45.59% of the company’s stock.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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