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Alan Trefler, CEO and Chairman of Pegasystems Inc . (NASDAQ:PEGA), recently executed sales of company stock valued at approximately $4.93 million. These transactions, disclosed in a recent SEC filing, involved the sale of 63,000 shares over two days. The software company, currently valued at $6.58 billion, has maintained a GOOD financial health score according to InvestingPro analysis, despite its stock declining 15.35% year-to-date.
On February 25, Trefler sold 31,500 shares at an average price of $77.38, while the following day, February 26, he sold another 31,500 shares at an average price of $79.15. The sales were conducted under a pre-arranged trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act. The company trades at a P/E ratio of 66.5 and has maintained dividend payments for 20 consecutive years.
Following these transactions, Trefler retains ownership of 17,277,286 shares of Pegasystems, excluding shares subject to unvested restricted stock units and options awards. For deeper insights into PEGA’s valuation and 13 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pegasystems reported strong fourth-quarter 2024 earnings, surpassing Wall Street forecasts with an earnings per share of $1.61 and revenue of $490.83 million, both exceeding analysts’ expectations. Despite these positive results, Barclays (LON:BARC) adjusted its price target for Pegasystems, lowering it to $97 while maintaining an Equalweight rating, noting mixed outcomes from the company’s earnings report. The analysts highlighted concerns over the Pega Cloud line, which did not meet market expectations, and the underperformance of the Pega Cloud Net New Annual Contract Value (NNACV). Meanwhile, DA Davidson increased its price target for Pegasystems to $90, citing the company’s strategic market approach and product positioning, though they maintained a Neutral rating due to a slowdown in Annual Contract Value (ACV) growth momentum. Pegasystems announced a proposed two-for-one stock split to enhance liquidity and attract more investors. The company also forecasted a 12% year-over-year growth in ACV for 2025, with free cash flow expected to increase by 30%. These developments reflect Pegasystems’ continued focus on cloud services and strategic reinvestment in its business model.
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