Bullish indicating open at $55-$60, IPO prices at $37
Kenneth Stillwell, the Chief Operating Officer and Chief Financial Officer of Pegasystems Inc . (NASDAQ:PEGA), sold 2,000 shares of common stock in a transaction dated April 1, 2025. The shares were sold at an average price of $69.75, resulting in a total transaction value of approximately $139,500. The transaction occurred as PEGA, with a market capitalization of $5.9 billion, trades at $68.25. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, with analysts setting price targets ranging from $78 to $125.
This sale was conducted under a pre-arranged trading plan established by Stillwell on August 29, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following this transaction, Stillwell holds 21,245 shares of Pegasystems’ common stock, not including shares subject to unvested restricted stock units or options awards. With the company’s next earnings report due on April 23, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Pegasystems Inc. reported strong fourth-quarter 2024 earnings, surpassing Wall Street forecasts with an earnings per share of $1.61 compared to the expected $1.47, and revenue reaching $490.83 million against a forecast of $468.36 million. Despite these positive earnings, Barclays (LON:BARC) adjusted its outlook on Pegasystems, reducing the price target to $97 while maintaining an Equalweight rating, noting mixed outcomes in the company’s earnings report. DA Davidson raised its price target for Pegasystems to $90 from $80, maintaining a Neutral rating, and highlighted a slowdown in Annual Contract Value growth momentum. Additionally, Pegasystems achieved FedRAMP High Authority to Operate status for its Pega Cloud for Government, indicating compliance with U.S. federal government cloud security standards. In corporate governance, Pegasystems updated its executive compensation plan, setting 2025 base salaries and target incentive payments for executive officers. The company also announced a proposed two-for-one stock split to enhance liquidity. These developments reflect Pegasystems’ ongoing strategic initiatives and market positioning efforts.
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