In a report released today, Patrick Walravens from JMP Securities maintained a Hold rating on Pegasystems (PEGA – Research Report). The company’s shares closed yesterday at $50.71.
According to TipRanks, Walravens is an analyst with an average return of -6.9% and a 41.70% success rate. Walravens covers the Technology sector, focusing on stocks such as Sprinklr, Workday, and Vertex.
Pegasystems has an analyst consensus of Moderate Buy, with a price target consensus of $59.20.
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The company has a one-year high of $59.15 and a one-year low of $37.64. Currently, Pegasystems has an average volume of 359.2K.
Based on the recent corporate insider activity of 51 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.
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Pegasystems (PEGA) Company Description:
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.
Read More on PEGA:
- Pegasystems Introduces Performance-Based Incentive Plan for Executives
- PEGA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Pegasystems upgraded to Equal Weight from Underweight at Barclays
- Citi opens ‘positive catalyst watch’ on Pegasystems into 2024
- Pega Announces Quarterly Cash Dividend for First Quarter of 2024
