Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pegasystems Inc. shares valued at $127,432 were sold by Akgonul Rifat Kerim on Apr 01 ’24. At $63.72 per share, Akgonul Rifat Kerim sold 2,000 shares. The insider’s holdings dropped to 55,785 shares worth approximately $3.28 million following the completion of this transaction.
Also, STILLWELL KENNETH sold 2,000 shares, netting a total of over 127,409 in proceeds. Following the sale of shares at $63.70 each, the insider now holds 24,884 shares.
Before that, Trefler Leon had sold 752 shares from its account. In a trade valued at $48,278, the Chief of Clients and Markets traded Pegasystems Inc. shares for $64.20 each. Upon closing the transaction, the insider’s holdings decreased to 752 shares, worth approximately $2.35 million.
As published in a research note from Barclays on January 12, 2024, Pegasystems Inc. [PEGA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $52. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early July. As of June 06, 2023, DA Davidson has initiated its “Neutral” rating for PEGA. Earlier on May 08, 2023, Rosenblatt initiated its rating. Their recommendation was “a Buy” for PEGA stock.
Analyzing PEGA Stock Performance
During the last five days, there has been a drop of approximately -0.10%. Over the course of the year, Pegasystems Inc. shares have jumped approximately 20.51%. Shares of the company reached a 52-week high of $69.26 on 02/15/24 and a 52-week low of $44.07 on 01/04/24. A 50-day SMA is recorded $62.48, while a 200-day SMA reached $51.40. Nevertheless, trading volume fell to 0.7 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Pegasystems Inc. (PEGA)
According to the 24-hour chart, there is a support level at 58.32, which, if violated, would cause prices to drop to 57.77. In the upper region, resistance lies at 59.69. The next price resistance is at 60.51. RSI (Relative Strength Index) is 42.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 70.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
