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Pegasystems Slides as Q3 Miss and Execution Concerns Weigh on Shares

Investivoq PriceTracker

Pegasystems Inc. (PEGA) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a weak market reaction to third-quarter results that missed expectations, even though the company showed continued cloud subscription growth. Investors also appeared focused on management’s comments about go-to-market execution challenges, slower customer decision-making, and a tougher enterprise software buying environment tied to AI-related disruption.

Details:

  • Pegasystems released third-quarter 2026 results on October 20, with revenue of about $393 million and adjusted earnings of $0.35 per share, both below analyst expectations.
  • The company said annual contract value growth through the first three quarters did not match its market opportunity, citing go-to-market execution issues, although third-quarter ACV additions were its strongest of the year.
  • Management said customers are applying greater scrutiny to large technology purchases and that decision cycles and deployments have become slower, which likely added to investor caution.
  • The report still included a positive data point: Pega Cloud ACV grew 20% in the quarter, but that was not enough to offset concerns about near-term execution and profitability.

    • Sources:

    Pega, SEC, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $PEGA Insider Trading Activity

    PEGA Insider Trades

    $PEGA insiders have traded $PEGA stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.

    Here’s a breakdown of recent trading of $PEGA stock by insiders over the last 6 months:

    • KENNETH STILLWELL (COO, CFO) has made 0 purchases and 2 sales selling 48,010 shares for an estimated $1,722,998.
    • RIFAT KERIM AKGONUL (Chief Product Officer) has made 0 purchases and 4 sales selling 14,545 shares for an estimated $505,751.
    • EFSTATHIOS A KOUNINIS (SVP, Chief Accounting Officer) has made 0 purchases and 9 sales selling 7,027 shares for an estimated $249,091.
    • DIANNE LEDINGHAM has made 0 purchases and 2 sales selling 2,000 shares for an estimated $72,150.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $PEGA Hedge Fund Activity

    We have seen 229 institutional investors add shares of $PEGA stock to their portfolio, and 265 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • LYNROCK LAKE LP added 1,782,640 shares (+inf%) to their portfolio in Q2 2026, for an estimated $53,425,720
    • WELLINGTON MANAGEMENT GROUP LLP removed 1,738,630 shares (-64.7%) from their portfolio in Q2 2026, for an estimated $52,106,741
    • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,399,775 shares (+226.2%) to their portfolio in Q2 2026, for an estimated $41,951,256
    • TEACHER RETIREMENT SYSTEM OF TEXAS removed 1,378,904 shares (-98.8%) from their portfolio in Q2 2026, for an estimated $41,325,752
    • JPMORGAN CHASE & CO added 1,113,949 shares (+inf%) to their portfolio in Q2 2026, for an estimated $33,385,051
    • HOOD RIVER CAPITAL MANAGEMENT LLC removed 975,621 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $29,239,361
    • FIRST TRUST ADVISORS LP added 909,758 shares (+44.4%) to their portfolio in Q2 2026, for an estimated $27,265,447

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $PEGA Government Contracts

    We have seen $2,311,200 of award payments to $PEGA over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • PEGA SUPPORT FOR DISCONNECTED OPERATIONS (DISCOPS): $2,311,200

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $PEGA Price Targets

    Multiple analysts have issued price targets for $PEGA recently. We have seen 3 analysts offer price targets for $PEGA in the last 6 months, with a median target of $58.0.

    Here are some recent targets:

    • Patrick Walravens from Citizens set a target price of $58.0 on 06/10/2026
    • Blair Abernethy from Rosenblatt set a target price of $58.0 on 06/10/2026
    • Lucky Schreiner from DA Davidson set a target price of $55.0 on 06/10/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.