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Rifat Kerim Akgonul, the Chief Product Officer of Pegasystems Inc . (NASDAQ:PEGA), recently sold 2,000 shares of the company’s common stock. The transaction, which took place on March 12, 2025, was executed at a price of $72.25 per share, totaling $144,500. The software company, currently valued at $5.85 billion, has seen its stock decline 21.82% year-to-date, though InvestingPro analysis indicates the stock is in oversold territory.
Following this sale, Akgonul retains ownership of 56,534 shares of Pegasystems common stock. It is important to note that this figure does not include shares subject to unvested restricted stock units and/or options awards. The company trades at a P/E ratio of 58.74 and has maintained dividend payments for 20 consecutive years. InvestingPro subscribers can access 11 additional key insights about PEGA’s valuation and growth prospects in the comprehensive Pro Research Report.
In other recent news, Pegasystems Inc. reported strong fourth-quarter 2024 earnings, with earnings per share (EPS) of $1.61, surpassing analyst expectations of $1.47. The company’s revenue also exceeded forecasts, reaching $490.83 million against a predicted $468.36 million. Despite these positive results, Barclays (LON:BARC) adjusted its outlook on Pegasystems, reducing the stock target price to $97 while maintaining an Equalweight rating, citing mixed outcomes in their earnings report. DA Davidson, however, raised the price target to $90 from $80, maintaining a Neutral rating, highlighting strategic market moves by Pegasystems.
Pegasystems announced a proposed two-for-one stock split, aiming to enhance liquidity and attract more investors. The company also reported a robust 21% growth in Pega Cloud Annual Contract Value (ACV), reflecting its successful transition to a subscription-based model. 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 exceeding street expectations. The company’s recent executive compensation adjustments, effective March 4, 2025, align with its ongoing efforts to maintain competitive pay structures. These developments underscore Pegasystems’ strategic focus and financial health amidst evolving market conditions.
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