Thursday, March 01, 2018 10:15 PM ET
Significant Insider Selling Continues at Pegasystems (PEGA)
A SEC filing today revealed a substantial insider sale of Pegasystems shares as — Michael R Pyle, Officer — sold 18,000 shares in the company having a market value of approximately $1,080,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 26,000 shares and have averaged 13,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Pegasystems is below its 64-company peer group average. The Enterprise Software peer group saw 162 buy/sell trades during this period for an average of 2.5 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 565,436 shares purchased and 8,141,071 shares sold with company insiders disposing of 46,763 shares on average over this time period.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to create and write this story.
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