Pegasystems Inc (PEGA) Files Form 4 Insider Selling : Efstathios A Kouninis Sells 307 Shares

Pegasystems Inc (PEGA): Efstathios A Kouninis , VP of Finance & CAO of Pegasystems Inc sold 307 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $26.76 per share for a total value of $8,215.32 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Efstathios A Kouninis (VP of Finance & CAO) sold 224 shares at $26.43 per share price.On Sep 8, 2016, Richard H Jones (director) sold 600 shares at $26.30 per share price.Also, On Sep 6, 2016, Douglas I Kra (SVP, Global Customer Success) sold 790 shares at $25.75 per share price.On Aug 19, 2016, Steven F Kaplan (director) sold 9,416 shares at $25.60 per share price.

Pegasystems: On Monday, Sep 12, 2016 heightened volatility was witnessed in Pegasystems which led to swings in the share price. The shares opened for trading at $26.07 and hit $27.24 on the upside , eventually ending the session at $27.24, with a gain of 3.73% or 0.98 points. The heightened volatility saw the trading volume jump to 483,155 shares. The 52-week high of the share price is $30.23 and the company has a market cap of $2,078 M . The 52-week low of the share price is at $20.38.

Pegasystems Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pegasystems is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 32 from a previous price target of $34 . The Rating was issued on Aug 4, 2016.

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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