Pegasystems Inc. (PEGA) Director Sells $26,725.00 in Stock

Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 500 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $53.45, for a total transaction of $26,725.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Larry Weber also recently made the following trade(s):

  • On Friday, November 9th, Larry Weber sold 750 shares of Pegasystems stock. The stock was sold at an average price of $54.20, for a total transaction of $40,650.00.

NASDAQ:PEGA traded down $0.47 during trading hours on Thursday, reaching $51.60. The company had a trading volume of 858,326 shares, compared to its average volume of 435,617. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 234.55 and a beta of 1.16. Pegasystems Inc. has a twelve month low of $45.40 and a twelve month high of $67.95.



Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The company had revenue of $203.26 million during the quarter, compared to analyst estimates of $199.57 million. Pegasystems had a negative return on equity of 0.90% and a negative net margin of 1.08%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, research analysts forecast that Pegasystems Inc. will post -0.08 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Pegasystems in the third quarter valued at $122,000. NumerixS Investment Technologies Inc bought a new position in shares of Pegasystems in the second quarter valued at $126,000. Engineers Gate Manager LP bought a new position in shares of Pegasystems in the third quarter valued at $200,000. Global X Management Co LLC lifted its stake in shares of Pegasystems by 1,041.1% in the second quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock valued at $179,000 after buying an additional 2,988 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Pegasystems by 68.8% in the third quarter. SG Americas Securities LLC now owns 3,528 shares of the technology company’s stock valued at $221,000 after buying an additional 1,438 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

PEGA has been the subject of several recent analyst reports. BidaskClub upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. ValuEngine upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Wedbush decreased their price objective on shares of Pegasystems from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pegasystems has a consensus rating of “Buy” and an average price target of $70.20.

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About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports software applications for marketing, sales automation, customer service, and operations in the United States and internationally. It provides Pega Platform, an application development product for clients. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.

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