Pegasystems Inc. (NASDAQ:PEGA) CFO Sells $69,730.00 in Stock

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Pegasystems Inc. (NASDAQ:PEGA) CFO Kenneth Stillwell sold 1,000 shares of Pegasystems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $69.73, for a total transaction of $69,730.00. Following the completion of the sale, the chief financial officer now directly owns 8,182 shares of the company’s stock, valued at approximately $570,530.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kenneth Stillwell also recently made the following trade(s):

  • On Thursday, August 1st, Kenneth Stillwell sold 5,716 shares of Pegasystems stock. The shares were sold at an average price of $76.04, for a total value of $434,644.64.
  • On Monday, July 1st, Kenneth Stillwell sold 2,000 shares of Pegasystems stock. The shares were sold at an average price of $72.05, for a total value of $144,100.00.

NASDAQ:PEGA traded up $1.31 during trading hours on Thursday, hitting $71.47. 186,575 shares of the company traded hands, compared to its average volume of 339,991. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50-day simple moving average is $72.35 and its 200-day simple moving average is $70.38. Pegasystems Inc. has a one year low of $43.21 and a one year high of $79.67.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.17). Pegasystems had a negative net margin of 5.95% and a negative return on equity of 9.39%. The company had revenue of $205.60 million for the quarter, compared to the consensus estimate of $203.16 million. The business’s revenue was up 4.5% on a year-over-year basis. As a group, analysts forecast that Pegasystems Inc. will post -0.77 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC raised its stake in Pegasystems by 542.2% in the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock valued at $27,000 after acquiring an additional 347 shares during the period. Captrust Financial Advisors bought a new position in shares of Pegasystems in the second quarter worth about $32,000. Cutler Group LP bought a new position in shares of Pegasystems in the second quarter worth about $43,000. Steward Partners Investment Advisory LLC bought a new position in shares of Pegasystems in the second quarter worth about $53,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Pegasystems by 352.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock worth $70,000 after buying an additional 761 shares during the period. Institutional investors own 44.96% of the company’s stock.

Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $80.00 price objective (up from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. TheStreet cut Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded Pegasystems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. JMP Securities raised their price objective on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Finally, BidaskClub cut Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. 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 given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.20.

About Pegasystems

Pegasystems Inc develops, markets, licenses, and supports enterprise software applications in the United States, India, and internationally. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

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