Pegasystems COO Kenneth Stillwell sells $211,260 in stock

CAMBRIDGE, MA—Kenneth Stillwell, the Chief Operating Officer and Chief Financial Officer of Pegasystems Inc . (NASDAQ:PEGA), recently sold a portion of his holdings in the company. According to a recent SEC filing, Stillwell sold 2,000 shares of Pegasystems common stock on February 3, 2025, at a price of $105.63 per share. The transaction amounted to a total of $211,260. The sale comes as PEGA shares have surged 122% over the past year, currently trading near their 52-week high of $113.67, with the company maintaining a market capitalization of $9.29 billion.

This sale was executed 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 retains ownership of 14,466 shares of Pegasystems stock. This figure does not include shares tied to unvested restricted stock units or options awards. According to InvestingPro analysis, PEGA currently appears overvalued compared to its Fair Value, though the company maintains a "GREAT" financial health score of 3.11.

Pegasystems, based in Cambridge, Massachusetts, specializes in computer processing and data preparation services. Investors and analysts often scrutinize insider transactions like these for insights into the executive’s confidence in the company’s future performance. With the company’s next earnings report scheduled for February 12, 2025, investors can access comprehensive analysis and 15 additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Pegasystems, the enterprise AI decisioning and workflow automation platform, has made a strategic addition to its board of directors. Rohit Ghai, a seasoned leader in digital transformation and current CEO of RSA, a global cybersecurity company, has joined the board, bringing with him over two decades of expertise in areas such as cybersecurity, SaaS, mergers and acquisitions, and go-to-market strategies. Ghai’s appointment underscores Pegasystems’ commitment to innovation and growth.

In parallel developments, KeyBanc recently endorsed Pegasystems with an Overweight rating. This positive outlook is attributed to the company’s effective strategies in growing its customer base, the introduction of its GenAI Blueprint product, and an improved approach to acquiring new clients. KeyBanc’s analysis suggests these initiatives could lead to an acceleration in Pegasystems’ Annual Contract Value growth.

KeyBanc’s confidence in Pegasystems’ future performance is further underscored by a price target of $118, based on a 23x multiple of the company’s projected 2026 Enterprise Value to Free Cash Flow. These developments highlight Pegasystems’ ongoing efforts in product innovation and market penetration, as recognized by KeyBanc.

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