Epam Systems CFO sells shares worth $277,046

Jason D. Peterson, Chief Financial Officer of EPAM Systems, Inc. (NYSE:EPAM), recently sold 1,078 shares of the company’s common stock. The shares were sold at a price of $257 each, totaling $277,046. Following this transaction, Peterson holds 23,382 shares directly. The sale was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell shares at a later date. The stock has shown strong momentum with an 8.38% gain over the past week. For deeper insights into EPAM’s valuation and 8 additional key metrics, check out the comprehensive analysis available on InvestingPro.

In other recent news, EPAM Systems has seen several significant developments. The company’s acquisition of First Derivatives is expected to contribute positively to its revenue stream, according to TD Cowen’s analysis. Goldman Sachs upgraded EPAM Systems’ stock rating from Neutral to Buy, citing improved growth prospects for the company in 2025. The firm also increased the price target for EPAM shares to $295.00, reflecting a bullish outlook.

Mizuho (NYSE:MFG) also showed confidence in EPAM Systems by raising its price target to $282.00, following an improved financial outlook revealed in the company’s third-quarter 2024 earnings report. Scotiabank (TSX:BNS) upgraded EPAM Systems stock to Sector Outperform from Sector Perform after the company reported higher-than-expected revenues of $1.17 billion in its third-quarter financial report.

In a joint venture with the International Monetary Fund (IMF), EPAM Systems introduced StatGPT 2.0, a platform aimed at enhancing global economic and financial data accessibility. Lastly, EPAM anticipates continued growth in the fourth quarter, expecting revenue between $1.205 billion and $1.215 billion. These recent developments reflect EPAM’s commitment to advancing AI-enabled solutions and expanding globally.

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