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.
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.
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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