Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $55.55, for a total transaction of $27,775.00. Following the completion of the transaction, the director now directly owns 2,454 shares of the company’s stock, valued at $136,319.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, May 25th, Larry Weber sold 1,500 shares of Pegasystems stock. The shares were sold at an average price of $57.40, for a total transaction of $86,100.00.

Shares of Pegasystems Inc. (PEGA) traded down 0.09% during trading on Friday, hitting $54.65. 103,292 shares of the stock traded hands. The firm has a 50 day moving average price of $59.05 and a 200-day moving average price of $50.81. Pegasystems Inc. has a one year low of $25.45 and a one year high of $64.85. The company has a market cap of $4.24 billion, a PE ratio of 87.44 and a beta of 1.46.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.04. The company had revenue of $197.98 million during the quarter, compared to analyst estimates of $205.06 million. Pegasystems had a return on equity of 13.06% and a net margin of 6.17%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. Analysts anticipate that Pegasystems Inc. will post $0.97 earnings per share for the current fiscal year.

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PEGA has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Pegasystems in a research report on Friday, May 19th. Benchmark Co. reissued a “buy” rating and issued a $67.00 price objective (up from $60.00) on shares of Pegasystems in a research report on Tuesday, June 6th. BidaskClub cut shares of Pegasystems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. JMP Securities reissued an “outperform” rating and issued a $63.00 price objective (up from $55.00) on shares of Pegasystems in a research report on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of Pegasystems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.00.

A number of hedge funds have recently bought and sold shares of the company. Bahl & Gaynor Inc. raised its stake in Pegasystems by 13.6% in the first quarter. Bahl & Gaynor Inc. now owns 61,629 shares of the technology company’s stock valued at $2,702,000 after buying an additional 7,390 shares in the last quarter. Vista Equity Partners Management LLC raised its stake in Pegasystems by 81.2% in the first quarter. Vista Equity Partners Management LLC now owns 302,571 shares of the technology company’s stock valued at $13,268,000 after buying an additional 135,582 shares in the last quarter. Bank of Montreal Can raised its stake in Pegasystems by 31.4% in the first quarter. Bank of Montreal Can now owns 4,723 shares of the technology company’s stock valued at $208,000 after buying an additional 1,129 shares in the last quarter. Credit Suisse AG raised its stake in Pegasystems by 403.2% in the first quarter. Credit Suisse AG now owns 159,924 shares of the technology company’s stock valued at $7,013,000 after buying an additional 128,144 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Pegasystems by 54.6% in the fourth quarter. Teachers Advisors LLC now owns 107,736 shares of the technology company’s stock valued at $3,878,000 after buying an additional 38,047 shares in the last quarter. Institutional investors own 44.08% of the company’s stock.

About Pegasystems

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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