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Rifat Kerim Akgonul, Chief Product Officer at Pegasystems Inc (NASDAQ:PEGA), sold 7,594 shares of common stock on March 16, 2026, at a price of $43.39, totaling $329,503. The sale comes as shares trade at $42.47, down 27% year-to-date.
According to a Form 4 filing with the Securities and Exchange Commission, Akgonul also exercised options to acquire 30,000 shares of Pegasystems common stock at an exercise price of $23.64, for a total value of $709,200. Following the exercise of these options, 22,406 shares were withheld for taxes at a price of $43.36, resulting in a total value of $971,524.
Following these transactions, Akgonul directly owns 111,429 shares of Pegasystems.The stock appears undervalued according to InvestingPro analysis, which places it among companies on the Most Undervalued list. The company maintains a perfect Piotroski Score of 9 and impressive gross profit margins of 76%, trading at a P/E ratio of 20.12. For deeper insights, investors can access Pegasystems’ comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Pegasystems reported its fourth-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.76, above the forecasted $0.73. The company’s revenue also exceeded predictions, reaching $504.32 million compared to the anticipated $492.92 million. Pegasystems announced a quarterly cash dividend of $0.03 per share, maintaining its current dividend program. Barclays upgraded Pegasystems’ stock rating to Overweight, setting a new price target of $48.00, citing the company’s robust position in complex business process software. DA Davidson lowered its price target on Pegasystems to $60.00 from $85.00, despite recognizing strong fourth-quarter results and sustainable Cloud ACV growth. Citizens also reduced its price target to $58.00 from $78.00, following the company’s mixed earnings report. These developments reflect varied analyst perspectives on Pegasystems’ growth prospects.
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