Pegasystems Inc. (NASDAQ:PEGA) Director Larry Weber sold 500 shares of Pegasystems stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $53.45, for a total transaction of $26,725.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Larry Weber also recently made the following trade(s):
- On Friday, November 9th, Larry Weber sold 750 shares of Pegasystems stock. The shares were sold at an average price of $54.20, for a total transaction of $40,650.00.
Shares of PEGA stock opened at $49.83 on Friday. Pegasystems Inc. has a 1-year low of $45.40 and a 1-year high of $67.95.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The business had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $199.57 million. Pegasystems had a negative net margin of 1.08% and a negative return on equity of 0.90%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. As a group, sell-side analysts expect that Pegasystems Inc. will post -0.08 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. BidaskClub lowered shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Wedbush dropped their target price on shares of Pegasystems from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. ValuEngine raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Friday, November 30th. Finally, Zacks Investment Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.20.
A number of hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in shares of Pegasystems during the third quarter worth approximately $37,789,000. Standard Life Aberdeen plc boosted its position in shares of Pegasystems by 63.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,238,757 shares of the technology company’s stock worth $77,608,000 after purchasing an additional 478,916 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Pegasystems during the 2nd quarter worth $11,618,000. Renaissance Technologies LLC raised its stake in shares of Pegasystems by 229.8% during the 2nd quarter. Renaissance Technologies LLC now owns 242,824 shares of the technology company’s stock worth $13,307,000 after buying an additional 169,200 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Pegasystems by 219.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 234,273 shares of the technology company’s stock worth $14,665,000 after buying an additional 160,884 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.
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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. The company offers customer engagement applications, including Pega Marketing that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega sales automation to automate and manage the sales process; and Pega customer service to anticipate customer needs, connect customers, the right people and systems, and automate customer interactions to evolve the customer service experience and to allow enterprises to deliver interactions across channels and enhance employee productivity.
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