Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler Sells 619 Shares

Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler sold 619 shares of Pegasystems stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $75.34, for a total transaction of $46,635.46. Following the transaction, the senior vice president now directly owns 8,267 shares in the company, valued at $622,835.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Leon Trefler also recently made the following trade(s):

  • On Friday, November 1st, Leon Trefler sold 600 shares of Pegasystems stock. The stock was sold at an average price of $76.16, for a total transaction of $45,696.00.
  • On Tuesday, October 1st, Leon Trefler sold 686 shares of Pegasystems stock. The stock was sold at an average price of $69.04, for a total transaction of $47,361.44.
  • On Wednesday, September 11th, Leon Trefler sold 4,290 shares of Pegasystems stock. The shares were sold at an average price of $70.00, for a total transaction of $300,300.00.

Shares of Pegasystems stock traded up $0.41 on Wednesday, reaching $75.31. The company had a trading volume of 406,441 shares, compared to its average volume of 321,466. The firm’s 50 day moving average price is $75.52 and its two-hundred day moving average price is $73.13. Pegasystems Inc. has a 52-week low of $43.21 and a 52-week high of $79.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.45 and a quick ratio of 1.45.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.23). The business had revenue of $216.70 million for the quarter, compared to the consensus estimate of $216.68 million. Pegasystems had a negative net margin of 8.41% and a negative return on equity of 14.16%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. As a group, equities research analysts expect that Pegasystems Inc. will post -0.92 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in Pegasystems during the 2nd quarter worth approximately $32,000. Cutler Group LP purchased a new stake in Pegasystems during the 2nd quarter worth approximately $43,000. Steward Partners Investment Advisory LLC purchased a new stake in Pegasystems during the 2nd quarter worth approximately $53,000. Tower Research Capital LLC TRC increased its stake in Pegasystems by 352.3% during the 2nd 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. Finally, Parkside Financial Bank & Trust increased its stake in Pegasystems by 1,102.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,094 shares of the technology company’s stock worth $78,000 after buying an additional 1,003 shares during the period. 45.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on PEGA shares. ValuEngine downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson boosted their price target on shares of Pegasystems to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wedbush boosted their price target on shares of Pegasystems from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, BidaskClub downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.67.

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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