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Pegasystems (NASDAQ:PEGA) VP Douglas I. Kra unloaded 8,198 shares of Pegasystems stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $22.99, for a total value of $188,472.02. Following the transaction, the vice president now directly owns 26,954 shares in the company, valued at approximately $619,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pegasystems (NASDAQ:PEGA) traded down 1.44% on Tuesday, hitting $22.66. 222,700 shares of the company’s stock traded hands. Pegasystems has a one year low of $15.51 and a one year high of $25.765. The stock’s 50-day moving average is $21. and its 200-day moving average is $20.22. The company has a market cap of $1.729 billion and a P/E ratio of 51.20.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $143.86 million for the quarter, compared to the consensus estimate of $132.75 million. During the same quarter last year, the company posted $0.22 earnings per share. Pegasystems’s revenue was up 22.6% compared to the same quarter last year. On average, analysts predict that Pegasystems will post $0.79 earnings per share for the current fiscal year.

A number of research firms have recently commented on PEGA. Analysts at Zacks downgraded shares of Pegasystems from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $24.60 price target on the stock. Separately, analysts at Merriman Capital upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 6th. Finally, analysts at Merriman Capital downgraded shares of Pegasystems from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Pegasystems presently has an average rating of “Buy” and a consensus price target of $24.92.

Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.

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