Pegasystems Director Unloads $165,604 in Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director James Ohalloran sold 4,358 shares of the stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $38.00, for a total transaction of $165,604.00. Following the transaction, the director now directly owns 62,747 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Pegasystems (NASDAQ:PEGA) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. Separately, analysts at Canaccord Genuity raised their price target on shares of Pegasystems (NASDAQ:PEGA) from $28.00 to $34.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Pegasystems (NASDAQ:PEGA) from $28.00 to $38.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock.
Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Pegasystems has an average rating of “Hold” and an average target price of $34.48.
Shares of Pegasystems (NASDAQ:PEGA) traded up 0.18% during mid-day trading on Wednesday, hitting $38.05. 29,289 shares of the company’s stock traded hands. Pegasystems has a 52 week low of $19.00 and a 52 week high of $40.55. The stock’s 50-day moving average is $36.90 and its 200-day moving average is $31.64. The company has a market cap of $1.443 billion and a P/E ratio of 43.61.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.06. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $115.58 million. During the same quarter last year, the company posted $0.09 earnings per share. Pegasystems’s revenue was up 11.6% compared to the same quarter last year. Analysts expect that Pegasystems will post $1.30 EPS for the current fiscal year.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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