Pegasystems Inc (PEGA) Files Form 4 Insider Selling : Richard H Jones Sells 600 Shares

Pegasystems Inc (PEGA): Richard H Jones , director of Pegasystems Inc sold 600 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $24.87 per share for a total value of $14,922.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Pegasystems is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 .The Rating was issued on Feb 29, 2016.Pegasystems is Reiterated by The Benchmark Company to Hold while Lowering the Price Target of the company shares to $ 26 from a previous price target of $27 . The Rating was issued on Feb 26, 2016.

Currently the company Insiders own 53.75% of Pegasystems shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -24.39%.Institutional Investors own 41.7% of Pegasystems shares.During last six month period, the net percent change held by insiders has seen a change of -24.39%.

Shares of Pegasystems (PEGA) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.65% at $24.44 with 1,00,131 shares getting traded. Post opening the session at $24.61, the shares hit an intraday low of $24.42 and an intraday high of $24.96 and the price vacillated in this range throughout the day. The company has a market cap of $1,864 M and the number of outstanding shares has been calculated to be 7,62,71,224 shares. The 52-week high of Pegasystems is $30.23 and the 52-week low is $20.38.

Pegasystems Money Flow Index Chart

Pegasystems Inc. develops markets licenses and supports software applications which is designed to assist clients in building deploying and evolving enterprise applications. The Company’s applications and platform intersect with and encompass several traditional software markets including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management which includes Predictive and Adaptive analytics and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation consulting training technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services healthcare insurance communications and media public sector manufacturing and life sciences markets.

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