New insider activity at Pegasystems ( (PEGA) ) has taken place on February 20, 2025.
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Kenneth Stillwell, the COO and CFO of Pegasystems, recently executed a significant stock transaction by selling 7,742 shares. This sale amounted to a substantial total of $655,935, highlighting a noteworthy financial movement within the company.
Recent Updates on PEGA stock
In the past 24 hours, Pegasystems reported its Q4 earnings, showcasing significant financial achievements and strategic advancements. Despite a 3% decline in non-GAAP net income for the quarter, annual figures displayed a 29% increase from the previous year. The company reported a 9% year-over-year increase in Annual Contract Value (ACV) and notable growth in Pega Cloud ACV by 18%, indicating strong market demand. Operating and free cash flows were $346 million and $338 million, respectively. However, Barclays lowered its price target for Pegasystems due to the Q4 annual contract value falling short of buyside expectations. This adjustment reflects a cautious short-term outlook despite the company’s transformative strides in AI and cloud technologies, which have generated significant client interest and engagement. Pegasystems also achieved the Rule of 40 milestone, balancing growth and profitability, but acknowledged challenges such as currency fluctuations and flat gross margins anticipated for Pega Cloud in 2025 due to ongoing investments.
More about Pegasystems
YTD Price Performance: -7.63%
Average Trading Volume: 734,297
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.39B