Pegasystems Inc. (PEGA) Director Sells $46,612.50 in Stock
Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $62.15, for a total value of $46,612.50. Following the transaction, the director now owns 2,770 shares of the company’s stock, valued at approximately $172,155.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Pegasystems stock traded up $0.30 during midday trading on Thursday, hitting $62.20. 479,588 shares of the company were exchanged, compared to its average volume of 426,862. Pegasystems Inc. has a 52 week low of $45.40 and a 52 week high of $67.95. The company has a market capitalization of $4.88 billion, a PE ratio of 282.73, a price-to-earnings-growth ratio of 12.80 and a beta of 1.01.
Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.07). Pegasystems had a net margin of 2.12% and a return on equity of 3.62%. The business had revenue of $235.18 million for the quarter, compared to analyst estimates of $228.97 million. During the same period in the prior year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. sell-side analysts anticipate that Pegasystems Inc. will post 0.61 EPS for the current year.
Several research firms recently commented on PEGA. Zacks Investment Research downgraded Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Wedbush restated an “outperform” rating and set a $76.00 target price on shares of Pegasystems in a research report on Tuesday, June 5th. BidaskClub upgraded Pegasystems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 28th. ValuEngine downgraded Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, TheStreet upgraded Pegasystems from a “c+” rating to a “b” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $67.67.
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 to build and extend their own applications.
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