In a recent transaction, Richard H. Jones, a director at Pegasystems Inc . (NASDAQ:PEGA), sold shares of the company's stock, totaling approximately $608,800. The sale took place on April 29, 2024, with the shares sold at a weighted average price of $60.88, according to the latest Form 4 filing with the Securities and Exchange Commission.
The transaction involved a total of 10,000 shares of Pegasystems' common stock. The prices at which the shares were sold ranged from $60.58 to $61.03, as noted in the footnotes of the filing. This sale has adjusted Jones' direct and indirect holdings in the company, which now amount to a total of 369,658 shares after the transaction.
Pegasystems, a leader in software for customer engagement and operational excellence, is headquartered in Cambridge, Massachusetts. The company's common stock is traded on the NASDAQ under the ticker symbol PEGA.
Investors and followers of Pegasystems Inc. may find this information relevant as it reflects a change in the ownership by one of the company's directors. It's important to note that the filing provides full information regarding the number of shares sold at each separate price upon request to the company or the SEC staff by any security holder.
The Form 4 filing is a standard document used by insiders to report changes in their company holdings and is readily accessible to the public for review. Richard H. Jones' recent transaction provides current and potential investors with insight into insider activity at Pegasystems.
InvestingPro Insights
Following the recent share transaction by director Richard H. Jones, investors in Pegasystems Inc. (NASDAQ:PEGA) may be interested in some key financial metrics and expert analysis from InvestingPro. According to real-time data, Pegasystems currently holds a market capitalization of $5.15 billion USD. The company's revenue for the last twelve months as of Q1 2024 stands at $1.437 billion USD, indicating a growth of 13.44%. Moreover, the PEG ratio, which measures the stock's price relative to its earnings growth rate, is 0.56—suggesting that the stock may be undervalued given its growth potential.
Two notable InvestingPro Tips for Pegasystems include the anticipation of net income growth this year and the positive revision of earnings by 8 analysts for the upcoming period. These insights suggest a favorable outlook for the company's profitability and are indicative of potential investor confidence. Furthermore, the company is trading at a P/E ratio of 67.77, which, when adjusted for the last twelve months as of Q1 2024, comes to 49.84. This reflects the company's earnings relative to its share price and may be of interest to investors considering the stock's current valuation.
For those seeking a deeper dive into Pegasystems' financial performance and future projections, InvestingPro offers additional tips and insights. There are 13 more InvestingPro Tips available for Pegasystems, which can provide a comprehensive understanding of the company's financial health and market position. Interested readers can access these tips by visiting https://www.investing.com/pro/PEGA and can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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