Pegasystems Inc. (PEGA) CAO Efstathios A. Kouninis Sells 728 Shares

Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 728 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $49.73, for a total transaction of $36,203.44. Following the completion of the sale, the chief accounting officer now directly owns 1,012 shares of the company’s stock, valued at approximately $50,326.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Pegasystems Inc. (NASDAQ PEGA) opened at $49.75 on Tuesday. The firm has a market cap of $3,870.00, a P/E ratio of 115.46 and a beta of 1.24. Pegasystems Inc. has a 1 year low of $34.05 and a 1 year 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 for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. analysts predict that Pegasystems Inc. will post 0.26 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.00.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Pegasystems by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,007,693 shares of the technology company’s stock worth $175,499,000 after purchasing an additional 225,809 shares during the period. Contour Asset Management LLC boosted its position in shares of Pegasystems by 39.7% during the 2nd quarter. Contour Asset Management LLC now owns 1,777,848 shares of the technology company’s stock worth $103,737,000 after purchasing an additional 504,955 shares during the period. Eagle Asset Management Inc. lifted its holdings in Pegasystems by 44.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,087,004 shares of the technology company’s stock worth $63,752,000 after buying an additional 335,011 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in Pegasystems by 4.2% during the 2nd quarter. Whale Rock Capital Management LLC now owns 1,031,758 shares of the technology company’s stock worth $60,203,000 after buying an additional 41,824 shares in the last quarter. Finally, State Street Corp lifted its holdings in Pegasystems by 6.4% during the 2nd quarter. State Street Corp now owns 721,167 shares of the technology company’s stock worth $42,085,000 after buying an additional 43,182 shares in the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

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Pegasystems Company Profile

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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