Efstathios A. Kouninis Sells 455 Shares of Pegasystems Inc. (PEGA) Stock

Pegasystems Inc. (NASDAQ:PEGA) VP Efstathios A. Kouninis sold 455 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $65.31, for a total transaction of $29,716.05. Following the completion of the sale, the vice president now directly owns 322 shares in the company, valued at $21,029.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Efstathios A. Kouninis also recently made the following trade(s):

  • On Monday, September 10th, Efstathios A. Kouninis sold 258 shares of Pegasystems stock. The shares were sold at an average price of $64.32, for a total transaction of $16,594.56.
  • On Friday, September 7th, Efstathios A. Kouninis sold 93 shares of Pegasystems stock. The shares were sold at an average price of $63.83, for a total transaction of $5,936.19.
  • On Friday, September 7th, Efstathios A. Kouninis sold 431 shares of Pegasystems stock. The shares were sold at an average price of $63.18, for a total transaction of $27,230.58.
  • On Thursday, August 23rd, Efstathios A. Kouninis sold 661 shares of Pegasystems stock. The shares were sold at an average price of $61.25, for a total transaction of $40,486.25.

Shares of Pegasystems stock traded up $1.25 during mid-day trading on Friday, hitting $65.65. 310,145 shares of the stock were exchanged, compared to its average volume of 279,387. Pegasystems Inc. has a twelve month low of $45.40 and a twelve month high of $67.95. The stock has a market capitalization of $5.11 billion, a P/E ratio of 298.41, a P/E/G ratio of 64.10 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA) last released its quarterly 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 firm had revenue of $196.78 million for the quarter, compared to analyst estimates of $217.24 million. During the same period in the prior year, the business earned $0.05 earnings per share. Pegasystems’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts predict that Pegasystems Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC boosted its stake in shares of Pegasystems by 5,334.8% during the 1st 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 acquired a new stake in shares of Pegasystems during the 2nd quarter worth about $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 purchasing 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 purchasing an additional 2,882 shares during the last quarter. Finally, Granahan Investment Management Inc. MA acquired a new stake in shares of Pegasystems during the 2nd quarter worth about $207,000. 45.45% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on PEGA shares. TheStreet cut shares of Pegasystems from a “b” rating to a “c+” rating in a research note on Thursday, May 24th. Wedbush reissued an “outperform” rating and issued a $76.00 price objective on shares of Pegasystems in a research note on Tuesday, June 5th. ValuEngine cut shares of Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. BidaskClub cut shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $69.80.

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

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