Pegasystems Inc. (NASDAQ:PEGA) SVP Leon Trefler sold 3,175 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $63.05, for a total transaction of $200,183.75. Following the sale, the senior vice president now owns 9,889 shares in the company, valued at approximately $623,501.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, June 14th, Leon Trefler sold 2,400 shares of Pegasystems stock. The shares were sold at an average price of $62.46, for a total transaction of $149,904.00.

PEGA stock traded up $0.75 on Friday, hitting $64.00. The company had a trading volume of 5,799 shares, compared to its average volume of 431,903. Pegasystems Inc. has a 12-month low of $45.40 and a 12-month high of $67.95. The stock has a market capitalization of $4.92 billion, a P/E ratio of 286.36, a P/E/G ratio of 46.91 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, August 8th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.35). Pegasystems had a positive return on equity of 0.01% and a negative net margin of 0.43%. The company had revenue of $196.78 million during the quarter, compared to analysts’ expectations of $217.24 million. During the same quarter in the prior year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts predict that Pegasystems Inc. will post 0.17 EPS for the current year.

Several brokerages recently issued reports on PEGA. 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. BidaskClub upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Wedbush restated an “outperform” rating and issued a $76.00 target price on shares of Pegasystems in a report on Tuesday, June 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $69.80.

Hedge funds have recently modified their holdings of 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 worth $121,000 after purchasing an additional 118,592 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Pegasystems during the 2nd quarter worth $126,000. Global X Management Co LLC boosted its stake in shares of Pegasystems by 1,041.1% during the 2nd quarter. Global X Management Co LLC now owns 3,275 shares of the technology company’s stock worth $179,000 after acquiring an additional 2,988 shares during the last quarter. We Are One Seven LLC boosted its stake in shares of Pegasystems by 787.4% during the 1st quarter. We Are One Seven LLC now owns 3,248 shares of the technology company’s stock worth $197,000 after acquiring an additional 2,882 shares during the last quarter. Finally, Granahan Investment Management Inc. MA purchased a new position in shares of Pegasystems during the 2nd quarter worth $207,000. Institutional investors own 45.43% of the company’s stock.

About Pegasystems

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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