Insider Selling: Pegasystems Inc. (PEGA) VP Sells 4,000 Shares of Stock
Pegasystems Inc. (NASDAQ:PEGA) VP Michael R. Pyle sold 4,000 shares of Pegasystems stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $49.06, for a total value of $196,240.00. Following the completion of the transaction, the vice president now owns 54,343 shares of the company’s stock, valued at approximately $2,666,067.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Pegasystems Inc. (NASDAQ:PEGA) traded up $0.05 during mid-day trading on Wednesday, hitting $49.15. The company had a trading volume of 283,286 shares, compared to its average volume of 331,623. Pegasystems Inc. has a 52-week low of $34.05 and a 52-week high of $64.85. The company has a market cap of $3,834.60, a price-to-earnings ratio of 114.54 and a beta of 1.24.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Pegasystems had a return on equity of 9.86% and a net margin of 5.67%. The firm had revenue of $179.80 million during the quarter, compared to analyst estimates of $200.15 million. During the same period last year, the company earned $0.17 EPS. Pegasystems’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts anticipate that Pegasystems Inc. will post 0.26 EPS for the current year.
A number of equities analysts have recently commented on PEGA shares. Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a report on Thursday, August 10th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research cut Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $63.00.
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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.
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