Insider Selling: Pegasystems Inc. (PEGA) CAO Sells $32,504.50 in Stock

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 502 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $64.75, for a total value of $32,504.50. Following the completion of the sale, the chief accounting officer now directly owns 2,397 shares of the company’s stock, valued at $155,205.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Pegasystems stock traded up $0.49 on Friday, hitting $65.67. The company had a trading volume of 3,711 shares, compared to its average volume of 376,902. The company has a market cap of $5.10 billion, a PE ratio of 3,251.50 and a beta of 1.39. Pegasystems Inc. has a 1 year low of $43.21 and a 1 year high of $67.95.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, February 20th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.16 by $0.20. The firm had revenue of $256.36 million during the quarter, compared to the consensus estimate of $252.71 million. Pegasystems had a return on equity of 0.34% and a net margin of 1.19%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts expect that Pegasystems Inc. will post -0.28 EPS for the current fiscal year.



Several institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in Pegasystems by 46.1% during the 4th quarter. Parallel Advisors LLC now owns 792 shares of the technology company’s stock valued at $37,000 after acquiring an additional 250 shares in the last quarter. Lloyds Banking Group plc purchased a new position in shares of Pegasystems during the fourth quarter worth approximately $65,000. Quantbot Technologies LP bought a new position in shares of Pegasystems during the third quarter valued at approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pegasystems by 22.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,725 shares of the technology company’s stock valued at $130,000 after purchasing an additional 495 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Pegasystems during the fourth quarter valued at approximately $140,000. 47.38% of the stock is owned by institutional investors.

PEGA has been the subject of several analyst reports. Zacks Investment Research raised Pegasystems from a “strong sell” rating to a “hold” rating and set a $67.00 price objective for the company in a research note on Tuesday, February 19th. BidaskClub raised Pegasystems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Wedbush reissued an “outperform” rating and issued a $84.00 price objective (up from $80.00) on shares of Pegasystems in a research note on Wednesday, February 27th. Finally, ValuEngine raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $74.33.

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

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