PEGA - Director At Pegasystems Sells $608K Of Stock | Benzinga
On May 1, a recent SEC filing unveiled that Richard H Jones, Director at Pegasystems (NASDAQ:PEGA) made an insider sell.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Jones sold 10,000 shares of Pegasystems. The total transaction amounted to $608,800.
Monitoring the market, Pegasystems's shares down by 3.1% at $58.73 during Thursday's morning.
Discovering Pegasystems: A Closer Look
Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process management. The company's key offering is the Pega Infinity platform, which combines business process management, or BPM, with customer relationship management, or CRM, applications. The company focuses on enterprise-size customers, specifically within the financial, insurance, and healthcare verticals.
Pegasystems's Financial Performance
Revenue Growth: Pegasystems displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 1.44%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
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Gross Margin: ...