RBC Capital analyst Rishi Jaluria maintained a Buy rating on Pegasystems (PEGA – Research Report) on September 14 and set a price target of $90.00. The company’s shares closed yesterday at $37.85.
Jaluria covers the Technology sector, focusing on stocks such as DocuSign, HubSpot, and Akamai. According to TipRanks, Jaluria has an average return of -1.1% and a 39.19% success rate on recommended stocks.
Currently, the analyst consensus on Pegasystems is a Moderate Buy with an average price target of $57.88.
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PEGA market cap is currently $3.3B and has a P/E ratio of -8.65.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEGA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.
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