Insider Selling: Richard H. Jones Unloads 4,500 Shares of Pegasystems Stock (PEGA)
Pegasystems (NASDAQ:PEGA) Director Richard H. Jones unloaded 4,500 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $22.50, for a total transaction of $101,250.00. Following the completion of the transaction, the director now directly owns 751,823 shares in the company, valued at approximately $16,916,018. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Pegasystems (NASDAQ:PEGA) traded down 1.52% on Thursday, hitting $22.05. The stock had a trading volume of 99,325 shares. Pegasystems has a 52 week low of $15.51 and a 52 week high of $25.765. The stock has a 50-day moving average of $21.90 and a 200-day moving average of $20.22. The company has a market cap of $1.683 billion and a price-to-earnings ratio of 49.87.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price 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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