Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $54.17, for a total value of $81,255.00. Following the transaction, the chief financial officer now owns 12,259 shares of the company’s stock, valued at $664,070.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kenneth Stillwell also recently made the following trade(s):
- On Thursday, November 1st, Kenneth Stillwell sold 1,500 shares of Pegasystems stock. The stock was sold at an average price of $53.40, for a total value of $80,100.00.
- On Monday, October 1st, Kenneth Stillwell sold 1,500 shares of Pegasystems stock. The stock was sold at an average price of $61.72, for a total value of $92,580.00.
Shares of PEGA stock opened at $49.83 on Friday. Pegasystems Inc. has a 12 month low of $45.40 and a 12 month high of $67.95.
Pegasystems (NASDAQ:PEGA) last issued 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 business had revenue of $203.26 million for 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 firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, equities research analysts predict that Pegasystems Inc. will post -0.08 earnings per share for the current fiscal year.
A number of brokerages have recently commented on PEGA. BidaskClub upgraded Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Wedbush cut their price target on Pegasystems from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. ValuEngine upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Finally, Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $70.20.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Pegasystems in the third quarter valued at $122,000. NumerixS Investment Technologies Inc acquired a new position in shares of Pegasystems in the second quarter valued at $126,000. Global X Management Co LLC raised 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 purchasing an additional 2,988 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Pegasystems in the third quarter valued at $200,000. Finally, Granahan Investment Management Inc. MA acquired a new position in shares of Pegasystems in the second quarter valued at $207,000. Institutional investors and hedge funds own 46.08% of the company’s stock.
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Pegasystems Company Profile
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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