Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 403 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $63.50, for a total transaction of $25,590.50. Following the completion of the transaction, the vice president now owns 12,639 shares in the company, valued at approximately $802,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Efstathios A. Kouninis also recently made the following trade(s):
- On Thursday, August 23rd, Efstathios A. Kouninis sold 661 shares of Pegasystems stock. The stock was sold at an average price of $61.25, for a total transaction of $40,486.25.
NASDAQ:PEGA traded up $0.40 during trading hours on Friday, hitting $63.65. The company had a trading volume of 218,698 shares, compared to its average volume of 352,744. The stock has a market cap of $4.97 billion, a P/E ratio of 289.32, a price-to-earnings-growth ratio of 47.44 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 released its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.35). The company had revenue of $196.78 million during the quarter, compared to the consensus estimate of $217.24 million. Pegasystems had a negative net margin of 0.43% and a positive return on equity of 0.01%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. analysts predict that Pegasystems Inc. will post 0.17 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on PEGA. BidaskClub cut shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. TheStreet cut shares of Pegasystems from a “b” rating to a “c+” rating in a report on Thursday, May 24th. Wedbush restated an “outperform” rating and issued a $76.00 target price (down previously from $78.00) on shares of Pegasystems in a report on Monday, August 6th. Finally, Zacks Investment Research cut shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.80.
Large investors have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC boosted its holdings in Pegasystems by 5,334.8% in the first quarter. Summit Trail Advisors LLC now owns 120,815 shares of the technology company’s stock valued at $121,000 after acquiring an additional 118,592 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Pegasystems in the second quarter valued at $126,000. Global X Management Co LLC boosted its holdings in Pegasystems by 1,041.1% in the second quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock valued at $179,000 after acquiring an additional 2,988 shares in the last quarter. We Are One Seven LLC boosted its holdings in Pegasystems by 787.4% in the first quarter. We Are One Seven LLC now owns 3,248 shares of the technology company’s stock valued at $197,000 after acquiring an additional 2,882 shares in the last quarter. Finally, Granahan Investment Management Inc. MA bought a new stake in Pegasystems in the second quarter valued at $207,000. Institutional investors and hedge funds own 45.43% of the company’s stock.
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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