Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler sold 3,175 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $63.05, for a total value of $200,183.75. Following the transaction, the senior vice president now owns 9,889 shares of the company’s stock, valued at approximately $623,501.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Leon Trefler also recently made the following trade(s):
- On Thursday, June 14th, Leon Trefler sold 2,400 shares of Pegasystems stock. The shares were sold at an average price of $62.46, for a total value of $149,904.00.
PEGA stock traded up $0.70 during midday trading on Thursday, hitting $63.25. The stock had a trading volume of 269,000 shares, compared to its average volume of 449,488. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 287.27, a PEG ratio of 47.78 and a beta of 1.08. Pegasystems Inc. has a 52-week low of $45.40 and a 52-week high of $67.95.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.35). The firm had revenue of $196.78 million during the quarter, compared to analysts’ expectations of $217.24 million. Pegasystems had a positive return on equity of 0.01% and a negative net margin of 0.43%. Pegasystems’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. equities research analysts predict that Pegasystems Inc. will post 0.17 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of PEGA. Millennium Management LLC grew its stake in shares of Pegasystems by 1,296.9% in the first quarter. Millennium Management LLC now owns 509,618 shares of the technology company’s stock worth $30,908,000 after acquiring an additional 473,137 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Pegasystems in the second quarter worth $11,618,000. AO Asset Management LP purchased a new stake in shares of Pegasystems in the first quarter worth $10,547,000. Renaissance Technologies LLC grew its stake in shares of Pegasystems by 229.8% in the second quarter. Renaissance Technologies LLC now owns 242,824 shares of the technology company’s stock worth $13,307,000 after acquiring an additional 169,200 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Pegasystems by 5,334.8% in the first quarter. Summit Trail Advisors LLC now owns 120,815 shares of the technology company’s stock worth $121,000 after acquiring an additional 118,592 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. BidaskClub downgraded Pegasystems from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Zacks Investment Research raised Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine cut Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Wedbush reaffirmed an “outperform” rating and issued a $76.00 price target (down from $78.00) on shares of Pegasystems in a research note on Monday, August 6th. Finally, TheStreet cut Pegasystems from a “b” rating to a “c+” rating in a research note on Thursday, May 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.80.
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 to build and extend their own applications.
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