Pegasystems Inc. (PEGA) SVP Douglas I. Kra Sells 3,498 Shares

Pegasystems Inc. (NASDAQ:PEGA) SVP Douglas I. Kra sold 3,498 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $72.02, for a total transaction of $251,925.96. Following the transaction, the senior vice president now owns 39,280 shares in the company, valued at approximately $2,828,945.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Pegasystems stock opened at $72.64 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.86 and a quick ratio of 1.86. Pegasystems Inc. has a 1 year low of $43.21 and a 1 year high of $76.49.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Tuesday, May 7th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.24). Pegasystems had a negative net margin of 3.49% and a negative return on equity of 4.85%. The business had revenue of $212.50 million for the quarter, compared to analyst estimates of $237.63 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. Analysts expect that Pegasystems Inc. will post -0.7 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP lifted its position in Pegasystems by 48.0% during the 1st quarter. Luxor Capital Group LP now owns 2,863,532 shares of the technology company’s stock valued at $186,130,000 after purchasing an additional 929,282 shares during the period. Cadian Capital Management LP lifted its position in Pegasystems by 37.2% during the 1st quarter. Cadian Capital Management LP now owns 2,171,209 shares of the technology company’s stock valued at $141,129,000 after purchasing an additional 588,389 shares during the period. SQN Investors LP lifted its position in Pegasystems by 27.8% during the 4th quarter. SQN Investors LP now owns 2,117,903 shares of the technology company’s stock valued at $101,299,000 after purchasing an additional 460,938 shares during the period. BlackRock Inc. lifted its position in Pegasystems by 4.5% during the 1st quarter. BlackRock Inc. now owns 1,810,179 shares of the technology company’s stock valued at $117,664,000 after purchasing an additional 77,497 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in Pegasystems by 0.3% during the 1st quarter. Eagle Asset Management Inc. now owns 1,204,101 shares of the technology company’s stock valued at $78,266,000 after purchasing an additional 3,919 shares during the period. Institutional investors own 47.32% of the company’s stock.

Several research analysts recently issued reports on the stock. JMP Securities upped their price target on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 8th. Benchmark reiterated a “buy” rating and set a $80.00 price target (up previously from $72.00) on shares of Pegasystems in a research report on Wednesday, May 8th. TheStreet upgraded shares of Pegasystems from a “c” rating to a “b-” rating in a research report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and set a $90.00 price target (up previously from $84.00) on shares of Pegasystems in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Pegasystems from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.20.

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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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Insider Buying and Selling by Quarter for Pegasystems (NASDAQ:PEGA)

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