Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 1,164 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $49.90, for a total transaction of $58,083.60. Following the sale, the senior vice president now directly owns 25,664 shares in the company, valued at $1,280,633.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Pegasystems Inc. (PEGA) traded down $0.15 on Tuesday, reaching $49.10. 315,563 shares of the company’s stock traded hands, compared to its average volume of 331,829. The stock has a market capitalization of $3,912.46, a P/E ratio of 116.86 and a beta of 1.24. Pegasystems Inc. has a fifty-two week low of $34.05 and a fifty-two week high of $64.85.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $179.80 million for the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. analysts forecast that Pegasystems Inc. will post 0.26 earnings per share for the current year.

A number of brokerages recently issued reports on PEGA. Mitsubishi UFJ Financial Group set a $57.00 price target on shares of Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. purchased a new position in Pegasystems during the second quarter valued at $105,000. Sei Investments Co. lifted its holdings in Pegasystems by 4,892.9% during the second quarter. Sei Investments Co. now owns 2,097 shares of the technology company’s stock valued at $122,000 after purchasing an additional 2,055 shares in the last quarter. Citigroup Inc. lifted its holdings in Pegasystems by 666.5% during the second quarter. Citigroup Inc. now owns 4,116 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,579 shares in the last quarter. Prudential Financial Inc. purchased a new position in Pegasystems during the second quarter valued at $274,000. Finally, Amalgamated Bank purchased a new position in Pegasystems during the second quarter valued at $274,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

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About Pegasystems

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.

Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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