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Alan Trefler, C.E.O. and Chairman of Pegasystems Inc (NASDAQ:PEGA), sold 75,900 shares of common stock on October 21 and 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as PEGA trades near its 52-week high, with the company showing strong financial health according to InvestingPro metrics, including 12.5% revenue growth and a market capitalization of $11.2 billion. The sales, conducted under a pre-arranged trading plan, totaled $5.4 million, with prices ranging from $54.62 to $66.25. According to InvestingPro analysis, PEGA is currently trading above its Fair Value, with multiple InvestingPro Tips indicating high valuation multiples despite strong operational performance.
On October 21, Trefler sold 4,506 shares at an average price of $54.62, with prices ranging from $54.18 to $55.15; 5,158 shares at an average price of $55.88, with prices ranging from $55.23 to $56.22; 20,374 shares at an average price of $56.91, with prices ranging from $56.24 to $57.24; and 14,962 shares at an average price of $57.41, with prices ranging from $57.25 to $57.62.
On October 22, Trefler sold 11,742 shares at an average price of $62.77, with prices ranging from $62.16 to $63.16; 5,636 shares at an average price of $63.64, with prices ranging from $63.16 to $64.16; 17,824 shares at an average price of $64.76, with prices ranging from $64.17 to $65.17; 9,740 shares at an average price of $65.33, with prices ranging from $65.18 to $66.04; and 58 shares at an average price of $66.25, with prices ranging from $66.23 to $66.27.
Following these transactions, Trefler directly owns 44,934,364 shares of Pegasystems Inc . common stock. He also indirectly owns 10,876,525 shares through the Alan N. Trefler Irrevocable Non-GST Trust of 2022, 10,879,283 shares through the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, 8,703,426 shares through the Alan N. Trefler Grantor Retained Annuity Trust II of 2024 and 2,071,585 shares through The Trefler 2025 Trust. For deeper insights into PEGA’s valuation and 15 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pegasystems reported impressive third-quarter financial results, surpassing Wall Street expectations. The company achieved earnings per share of $0.30, which was significantly higher than the forecasted $0.20, and reported revenue of $381.35 million, exceeding the expected $351.54 million. This robust performance was attributed to strong term license deals and a notable 28% year-over-year growth in cloud revenue, which amounted to $184.5 million and represented 48% of the total revenue. Following these results, RBC Capital raised its price target for Pegasystems to $80, maintaining an Outperform rating. Similarly, Rosenblatt Securities increased its price target to $70, citing strong cloud growth. Additionally, DA Davidson upgraded Pegasystems from Neutral to Buy, raising its price target to $85 due to the sustainable growth in Cloud Annual Contract Value. These developments reflect positive sentiment among analysts regarding Pegasystems’ recent performance and future prospects.
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