Insider Selling: Pegasystems Director Sells 2,000 Shares of Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones unloaded 2,000 shares of Pegasystems stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $20.59, for a total transaction of $41,180.00. Following the completion of the sale, the director now directly owns 866,156 shares of the company’s stock, valued at approximately $17,834,152. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PEGA. Analysts at Wedbush upgraded shares of Pegasystems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $36.15.
Shares of Pegasystems (NASDAQ:PEGA) traded up 3.22% on Tuesday, hitting $21.325. The stock had a trading volume of 191,242 shares. Pegasystems has a 52-week low of $15.38 and a 52-week high of $25.765. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $21.10. The company has a market cap of $1.626 billion and a price-to-earnings ratio of 42.16.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data 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 $0.80 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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