Pegasystems Director Richard H. Jones Unloads 18,000 Shares (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones sold 18,000 shares of Pegasystems stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $18.74, for a total value of $337,320.00. Following the completion of the transaction, the director now directly owns 870,536 shares in the company, valued at approximately $16,313,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on PEGA. Analysts at Merriman Capital initiated coverage on shares of Pegasystems in a research note on Thursday, May 15th. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Pegasystems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $19.90 price target on the stock. Finally, analysts at TheStreet downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.82.
Pegasystems (NASDAQ:PEGA) traded down 0.80% during mid-day trading on Tuesday, hitting $19.34. The stock had a trading volume of 463,796 shares. Pegasystems has a 52-week low of $15.155 and a 52-week high of $25.765. The stock’s 50-day moving average is $17.49 and its 200-day moving average is $21.11. The company has a market cap of $1.474 billion and a P/E ratio of 39.79.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $142.20 million for the quarter, compared to the consensus estimate of $136.60 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Pegasystems will post $0.79 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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