Efstathios Kouninis Sells 982 Shares of Pegasystems (NASDAQ:PEGA) Stock

September 18, 2026 by InsiderTrades.com

Key Points

Chief Accounting Officer Efstathios Kouninis sold 982 Pegasystems shares at an average price of $37.35, reducing his ownership by 49.32% to 1,009 shares.
Pegasystems’ latest quarterly results fell short of expectations, with EPS of $0.35 versus the $0.43 consensus and revenue of $420.72 million versus estimates of $427.38 million, although revenue increased 9.4% year over year.
Analyst sentiment remains cautious, with a consensus “Hold” rating and $47.40 price target; JPMorgan recently cut its target from $54 to $47. The company also declared a quarterly dividend of $0.03 per share.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) CAO Efstathios Kouninis sold 982 shares of Pegasystems stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $37.35, for a total transaction of $36,677.70. Following the completion of the sale, the chief accounting officer owned 1,009 shares in the company, valued at $37,686.15. This trade represents a 49.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pegasystems Trading Down 2.1%

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Shares of PEGA opened at $36.07 on Friday. Pegasystems Inc. has a 12 month low of $25.10 and a 12 month high of $68.10. The firm has a fifty day simple moving average of $33.18 and a 200 day simple moving average of $35.85. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 20.38 and a beta of 0.89.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business had revenue of $420.72 million during the quarter, compared to analyst estimates of $427.38 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Pegasystems Inc. will post 1.66 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Pegasystems's dividend payout ratio is currently 6.78%.

Pegasystems News Roundup

Here are the key news stories impacting Pegasystems this week:

Positive Sentiment: JPMorgan’s revised $47 price target remains approximately 30% above the current share price, suggesting the bank sees potential for recovery. However, the firm’s neutral rating indicates limited near-term conviction. Pegasystems Shares Fall After JPMorgan Downgrade
Neutral Sentiment: An analysis of Pegasystems’ sharp annual decline examines where the stock could go from here. The company’s enterprise automation, customer engagement and artificial-intelligence software offer long-term growth potential, but investors are weighing that opportunity against recent weakness and valuation risks. Pegasystems Stock Has Fallen 46% in a Year. Here’s Where the Stock Could Go
Negative Sentiment: JPMorgan lowered its price target from $54 to $47 while reaffirming a neutral rating. The reduced target reinforces concerns about the stock’s outlook and was the clearest immediate catalyst for selling pressure. Pegasystems Shares Fall After JPMorgan Downgrade
Negative Sentiment: Insiders continued to sell shares: Chief Accounting Officer Efstathios Kouninis sold 982 shares, director Dianne Ledingham sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, and insider Rifat Kerim Akgonul previously sold 7,000 shares. These transactions may weigh on sentiment, although planned sales do not necessarily signal deteriorating fundamentals. Pegasystems Insider Selling

Institutional Inflows and Outflows

Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 Beat

Several large investors have recently bought and sold shares of PEGA. BlackRock Inc. bought a new stake in shares of Pegasystems during the second quarter worth approximately $286,923,000. North Peak Capital Management LLC boosted its holdings in Pegasystems by 2.3% in the 4th quarter. North Peak Capital Management LLC now owns 2,400,065 shares of the technology company's stock valued at $143,332,000 after purchasing an additional 53,564 shares during the period. Geode Capital Management LLC grew its position in shares of Pegasystems by 26.6% during the 4th quarter. Geode Capital Management LLC now owns 2,344,266 shares of the technology company's stock worth $140,020,000 after purchasing an additional 492,760 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Pegasystems by 44.4% during the first quarter. First Trust Advisors LP now owns 2,048,599 shares of the technology company's stock worth $87,188,000 after purchasing an additional 630,023 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Pegasystems by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,170,377 shares of the technology company's stock worth $69,895,000 after purchasing an additional 33,643 shares during the period. 46.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citizens Jmp lowered shares of Pegasystems from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Pegasystems in a research note on Tuesday, September 1st. DA Davidson set a $32.00 target price on shares of Pegasystems and gave the company a "buy" rating in a research note on Friday, July 24th. Citigroup cut Pegasystems from a "market outperform" rating to a "market perform" rating in a report on Wednesday, July 22nd. Finally, Zacks Research lowered Pegasystems from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pegasystems currently has a consensus rating of "Hold" and a consensus price target of $47.40.

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Pegasystems Company Profile

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Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company's product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.