Pegasystems (PEGA)

Pegasystems Inc.(Pega) delivers innovative software that crushes business complexity so its clients can make better decisions and get work done. Pega helps the world's leading brands solve their biggest business challenges: maximizing customer lifetime value, streamlining customer service, and boosting operational efficiency. Pega technology is powered by real-time AI and intelligent automation, while its scalable architecture and low-code platform help enterprises adapt to rapid change and transform for tomorrow.

Company profile

Ticker

PEGA

Exchange

NASDAQ

Website

www.pega.com

CEO

Alan Trefler

Incorporated

Massachusetts

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Information > Data Processing, Hosting, and Related Services

Industry (SIC)

Services - Computer Processing & Data Preparation

Automatic Data Processing • DXC Technology • Liberty TripAdvisor Holdings Inc - Series A • Sohu.com • Corelogic • Zynga • Cars.com • Verisk Analytics • Bilibili • Playtika Holding ...

SEC CIK

0001013857

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Antenna Software, LLC • Pegasystems BV • Pegasystems GmbH • Pegasystems Limited • Pegasystems PTY Limited • Pegasystems Software Limited • Pegasystems Worldwide ...

IRS number

42787865

PEGA stock data

1M 1Y 5Y

News

From Benzinga Pro

Pegasystems's Return on Invested Capital Overview

29 Jul 22

Benzinga Pro data, Pegasystems (NASDAQ:PEGA) reported Q2 sales of $274.34 million. Earnings fell to a loss of $286.30 million, resulting in a 75439.84% decrease from last quarter.

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29 Jul 22

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28 Jul 22

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28 Jul 22

Meta, Charter Communications, Southwest Airlines And Some Other Big Stocks Moving Lower On Thursday

28 Jul 22

Press releases

From Benzinga Pro

Pega Named 2022 Partner of the Year by Virtusa

3 Aug 22

Pega recognized for its client-first, partner-centric strategy demonstrating pipeline growth and value delivery for clients CAMBRIDGE, Mass., Aug. 3, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the low-code

Dr. Kikelomo Belizaire Joins Pega as the Company's First Chief Medical Officer

2 Aug 22

CAMBRIDGE, Mass., August 2, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Dr.

Pega Introduces Pega Launchpad to Empower Users to Build and Monetize New B2B SaaS Apps

27 Jul 22

New product will help application providers open new revenue streams by bringing powerful workflow-based SaaS apps to market CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the low-code

Client Adoption Drives Pega Cloud to 70% of New Client Commitments in First Half of 2022

27 Jul 22

Pega Named a Leader in Core CRM Solutions by Independent Research Firm

27 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$57.83

Low target

$43.00

High target

$90.00

Truist Securities

Downgraded

Hold

$60.00

11 May 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

27 Jul 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart PEGA financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	109.28M	109.28M	109.28M	109.28M	109.28M	109.28M
Cash burn (monthly)	7.83M	2.55M	33.37M	17.89M	6.73M	(no burn)
Cash used (since last report)	10.48M	3.41M	44.67M	23.94M	9.01M	n/a
Cash remaining	98.79M	105.86M	64.61M	85.34M	100.27M	n/a
Runway (months of cash)	12.6	41.5	1.9	4.8	14.9	n/a

Beta Read what these cash burn values mean

Financial data from Pegasystems earnings reports.

Recent insider trades

PEGA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Jun 22	Rifat Kerim Akgonul	Common stock	Payment of exercise	Dispose F	No	No	52.47	98	5.14K	50,471
6 Jun 22	Rifat Kerim Akgonul	Common stock	Option exercise	Acquire M	No	No	0	332	0	50,569
6 Jun 22	Rifat Kerim Akgonul	Common stock	Payment of exercise	Dispose F	No	No	52.47	101	5.3K	50,237
6 Jun 22	Rifat Kerim Akgonul	Common stock	Option exercise	Acquire M	No	No	0	341	0	50,338
6 Jun 22	Rifat Kerim Akgonul	RSU Common stock	Option exercise	Dispose M	No	No	0	332	0	2,322
6 Jun 22	Rifat Kerim Akgonul	RSU Common stock	Option exercise	Dispose M	No	No	0	341	0	1,023
6 Jun 22	Efstathios A Kouninis	Common stock	Payment of exercise	Dispose F	No	No	52.47	24	1.26K	3,043
6 Jun 22	Efstathios A Kouninis	Common stock	Option exercise	Acquire M	No	No	0	98	0	3,067
6 Jun 22	Efstathios A Kouninis	Common stock	Payment of exercise	Dispose F	No	No	52.47	32	1.68K	2,969
6 Jun 22	Efstathios A Kouninis	Common stock	Option exercise	Acquire M	No	No	0	128	0	3,001

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

PEGA institutional ownership history Ownership history

41.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	249	258	-3.5%
Opened positions	44	50	-12.0%
Closed positions	53	37	+43.2%
Increased positions	87	87	–
Reduced positions	82	73	+12.3%

13F shares	Current	Prev Q	Change
Total value	2.71B	5.9B	-54.0%
Total shares	33.66M	34.79M	-3.3%
Total puts	48.5K	32.57K	+48.9%
Total calls	418.15K	1.11M	-62.2%
Total put/call ratio	0.1	0.0	+294.1%

Largest owners	Shares	Value	Change
Luxor Capital	4.43M	$357.36M	-1.7%
Vanguard	3.74M	$301.79M	-0.3%
Capital Research Global Investors	2.14M	$172.8M	+119.1%
BLK Blackrock	2.06M	$166.11M	+3.3%
TPG GP A	1.97M	$158.77M	+32.1%
Praesidium Investment Management	1.61M	$129.71M	+7.6%
Riverbridge Partners	1.49M	$120.57M	+5.9%
Bamco	1.25M	$100.67M	-11.8%
Eminence Capital	879.74K	$70.95M	-23.4%
Southpoint Capital Advisors	800K	$64.52M	-20.0%

Largest transactions	Shares	Bought/sold	Change
Foxhaven Asset Management	0	-1.43M	EXIT
William Blair Investment Management	0	-1.19M	EXIT
Capital Research Global Investors	2.14M	+1.16M	+119.1%
IVZ Invesco	236.96K	-630.71K	-72.7%
TPG GP A	1.97M	+478.54K	+32.1%
Shannon River Fund Management	406.29K	+406.29K	NEW
Locust Wood Capital Advisers	0	-401.79K	EXIT
Norges Bank	0	-399.24K	EXIT
MS Morgan Stanley	396.61K	+368.45K	+1308.3%
Ensign Peak Advisors	4.77K	-344.55K	-98.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

International Business Machines • Microsoft • Magic Software Enterprises • Cicero • Sap SE • Open Text • CSG Systems International • Formula Systems • Amdocs • Duck Creek

Risks

We face risks related to intellectual property claims or appropriation of our intellectual property rights.
Intellectual property rights claims by third parties are extremely costly to defend, could require us to pay significant damages, and could limit our ability to use certain technologies.

Management Discussion

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This Quarterly Report on Form 10-Q (“Quarterly Report”) contains or incorporates forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, projects, forecasts, guidance, likely, and usually, or variations of such words and other similar expressions identify forward-looking statements, which are based on current expectations and assumptions.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: Alan, Alexandria, allegedly, annum, appellate, captioned, carryback, carryforward, case, Circuit, commensurate, complaint, constant, core, County, desirable, District, Division, earliest, Eastern, enacted, false, final, flexibility, Fort, geopolitical, heard, hearing, individual, Individually, inflated, inflation, investigation, judicial, juror, Lauderdale, lawsuit, legislation, meant, misconduct, misleading, motion, Notwithstanding, objectively, opposition, outlook, Police, prevailing, projected, promulgated, quantum, recent, recover, recoverability, relief, rendered, rendering, reply, response, Retirement, secret, shown, Similarly, Situated, sought, stage, strength, substitute, superior, supplementary, System, taxable, temporary, Trefler, turmoil, understand, unsettled, unspecified, unsuccessful, verdict, verifiable, verified, weighing, weight

Removed: behavior, discrete, larger, omitted, profitability, proportionately, shift, variability

From filing 10-Q 2022 Q2

Financial reports

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