Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 564 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.43, for a total transaction of $40,850.52. Following the sale, the chief accounting officer now directly owns 1,612 shares of the company’s stock, valued at approximately $116,757.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Efstathios A. Kouninis also recently made the following trade(s):
- On Monday, August 26th, Efstathios A. Kouninis sold 427 shares of Pegasystems stock. The shares were sold at an average price of $70.00, for a total transaction of $29,890.00.
Shares of PEGA stock traded down $1.15 during trading hours on Friday, hitting $71.00. 160,258 shares of the company were exchanged, compared to its average volume of 336,897. Pegasystems Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $79.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day simple moving average of $71.76 and a two-hundred day simple moving average of $70.70.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.17). The company had revenue of $205.60 million for the quarter, compared to analyst estimates of $203.16 million. Pegasystems had a negative return on equity of 9.39% and a negative net margin of 5.95%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Pegasystems Inc. will post -0.77 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in PEGA. Quantamental Technologies LLC grew its position in shares of Pegasystems by 542.2% during the 1st quarter. Quantamental Technologies LLC now owns 411 shares of the technology company’s stock worth $27,000 after buying an additional 347 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Pegasystems during the 2nd quarter worth approximately $32,000. Cutler Group LP bought a new position in shares of Pegasystems in the 2nd quarter worth $43,000. Steward Partners Investment Advisory LLC bought a new position in shares of Pegasystems in the 2nd quarter worth $53,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Pegasystems by 352.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the technology company’s stock worth $70,000 after purchasing an additional 761 shares in the last quarter. 46.50% of the stock is owned by institutional investors.
PEGA has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Zacks Investment Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Wedbush raised their price objective on shares of Pegasystems from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.20.
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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