Pegasystems (NASDAQ:PEGA) CAO Efstathios Kouninis sold 1,090 shares of the stock on the open market in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $47.88, for a total value of $52,189.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
PEGA has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Pegasystems from $40.00 to $49.00 in a research note to investors on Thursday, November 14th. They now have a “neutral” rating on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Pegasystems from $40.00 to $56.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Pegasystems from $42.00 to $45.00 in a research note to investors on Wednesday, November 13th. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $41.82.
Shares of Pegasystems (NASDAQ:PEGA) opened at 48.02 on Tuesday. Pegasystems has a one year low of $19.32 and a one year high of $49.47. The stock has a 50-day moving average of $39.54 and a 200-day moving average of $35.79. The company has a market cap of $1.823 billion and a price-to-earnings ratio of 44.41.
Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.15. The company had revenue of $122.00 million for the quarter, compared to the consensus estimate of $116.53 million. During the same quarter last year, the company posted $0.13 earnings per share. Pegasystems’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that Pegasystems will post $1.37 earnings per share for the current fiscal year.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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