KD Logo

The Potential Rise in the Price of Pegasystems Inc (PEGA) following insiders activity

Pegasystems Inc’s recent filing unveils that its SVP of Finance & CAO KOUNINIS EFSTATHIOS A unloaded Company’s shares for reported $49625.0 on May 16 ’25. In the deal valued at $99.25 per share,500 shares were sold. As a result of this transaction, KOUNINIS EFSTATHIOS A now holds 0 shares worth roughly $0.0.

Then, RIFAT KERIM AKGONUL bought 7,000 shares, generating $689,080 in total proceeds.

Before that, EFSTATHIOS A KOUNINIS bought 500 shares. Pegasystems Inc shares valued at $49,625 were divested by the Officer at a price of $99.25 per share.

A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. JMP Securities also remained covering PEGA and has increased its forecast on July 31, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. William Blair revised its rating on July 30, 2024. It rated PEGA as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of PEGA

On Tuesday, Pegasystems Inc [NASDAQ:PEGA] saw its stock jump 4.93% to $103.29. Over the last five days, the stock has gained 5.20%. Pegasystems Inc shares have risen nearly 10.83% since the year began. Nevertheless, the stocks have risen 63.23% over the past one year. While a 52-week high of $113.67 was reached on 01/28/25, a 52-week low of $55.71 was recorded on 04/07/25. SMA at 50 days reached $79.70, while 200 days put it at $82.39.

Levels Of Support And Resistance For PEGA Stock

The 24-hour chart illustrates a support level at 101.43, which if violated will result in even more drops to 99.58. On the upside, there is a resistance level at 105.32. A further resistance level may holdings at 107.36. The Relative Strength Index (RSI) on the 14-day chart is 78.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.05%. Stochastics %K at 89.91% indicates the stock is a selling.

Most Popular