Insider Selling: Richard H. Jones Sells 1,475 Shares of Pegasystems Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones sold 1,475 shares of Pegasystems stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $22.50, for a total value of $33,187.50. Following the completion of the sale, the director now directly owns 756,848 shares of the company’s stock, valued at approximately $17,029,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Pegasystems (NASDAQ:PEGA) traded down 1.11% during mid-day trading on Friday, hitting $22.21. 79,485 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $15.51 and a 1-year high of $25.765. The stock has a 50-day moving average of $21.85 and a 200-day moving average of $20.23. The company has a market cap of $1.695 billion and a P/E ratio of 50.02.
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. Analysts expect that Pegasystems will post $0.79 EPS 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus 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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