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Pegasystems (NASDAQ:PEGA), a $9.76 billion market cap company that has delivered an impressive 80.2% return over the past year, reported that Chief Financial Officer Kenneth Stillwell disposed of 15,147 shares of common stock on August 1, and August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at prices ranging from $57.70 to $58.24, resulting in a total value of $879,497.According to InvestingPro, PEGA is trading near its 52-week high of $60.96, with strong financial health metrics and positive growth expectations.
The filing indicates that the sales were conducted under a pre-arranged trading plan adopted on August 29, 2024.
On August 4, Stillwell also exercised options to acquire 25,920 shares of Pegasystems common stock at a price of $16.95 per share, for a total value of $439344. Following the exercise of these options, 14,773 shares were disposed of to cover tax obligations at $58.27, for a total value of $860822.
Following these transactions, Stillwell directly owns 119,868 shares of Pegasystems.
In other recent news, Pegasystems Inc . reported better-than-expected second-quarter 2025 results, with non-GAAP earnings per share of $0.28, surpassing consensus estimates of $0.23. The company also reported revenue of $385 million, exceeding the $363 million consensus. Pegasystems’ annual contract value (ACV) showed significant acceleration, contributing to its strong performance. Following these results, several analyst firms adjusted their price targets for the company. JMP Securities raised its price target to $78.00 from $63.00, maintaining a Market Outperform rating. Citi increased its price target to $70.00 from $66.00, citing strong demand for Generative AI and maintaining a Buy rating. DA Davidson also raised its price target to $60 from $50, while keeping a Neutral rating. Additionally, Pegasystems announced the availability of its Pega Cloud service on Google (NASDAQ:GOOGL) Cloud in Saudi Arabia, aligning with the country’s Vision 2030 initiative.
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