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CAMBRIDGE, MA—Alan Trefler, CEO and Chairman of Pegasystems Inc . (NASDAQ:PEGA), recently executed stock sales totaling approximately $4.52 million, according to a recent SEC filing. The transactions, which occurred on March 11 and 12, involved the sale of 63,000 shares of common stock at a weighted average price ranging from $70.93 to $72.58 per share. The software company, currently valued at $5.85 billion, has maintained strong financial health with a 74% gross profit margin and moderate debt levels.
These sales were conducted under a pre-arranged trading plan adopted by Trefler on November 6, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following these transactions, Trefler retains ownership of 17,216,114 shares of Pegasystems common stock. The company’s stock has shown resilience with a 15.6% return over the past year, despite recent market volatility.
Investors often closely monitor such transactions by company insiders to gauge their confidence in the company’s future performance. Pegasystems, headquartered in Cambridge, Massachusetts, is known for its software solutions in business process management and customer relationship management. The company generated $1.5 billion in revenue over the last twelve months, with analysts expecting continued profit growth. For deeper insights into PEGA’s valuation and growth prospects, InvestingPro subscribers can access exclusive analysis and 13 additional key insights about the company’s performance.
In other recent news, Pegasystems Inc. reported strong fourth-quarter 2024 earnings, surpassing Wall Street forecasts with an earnings per share of $1.61 against the expected $1.47, and revenue reaching $490.83 million, exceeding the forecast of $468.36 million. The company also announced a proposed two-for-one stock split, aiming to enhance liquidity and attract more investors. Despite these positive earnings, Barclays (LON:BARC) analysts adjusted their outlook on Pegasystems, reducing the price target to $97 from $103, while maintaining an Equalweight rating. They noted that while revenue exceeded expectations, the Pega Cloud line underperformed, impacting market expectations.
DA Davidson, on the other hand, raised their price target for Pegasystems shares to $90 from $80, maintaining a Neutral rating. The firm acknowledged the company’s strategic investments in marketing and client acquisition, despite a slowdown in Annual Contract Value (ACV) growth. Pegasystems’ executive compensation plan for 2025 has been updated, with total target incentive payments set at $1,677,500 and £193,000, aligning executive interests with shareholder goals. The company’s ongoing efforts to maintain competitive pay structures are part of its strategy to reward effective leadership.
Additionally, Pegasystems’ forecast for fiscal year 2025 indicates a 12% year-over-year acceleration in ACV growth, with Operating Cash Flow and Free Cash Flow guidance surpassing street expectations by approximately 10%. This outlook suggests a positive trajectory for the company’s financial health in the coming years.
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