PEGA

Pegasystems Inc.

Technology · $5.4B market cap

Share price

$33.93

close of Oct 3, 2026

Fair value

$58.69

Sticker Price

Payback Price

$23.48

buy price

Undervalued

PEGA is Undervalued: at $33.93 it trades 42% below its fair value of $58.69. Its buy price (Payback Price) is $23.48, 31% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 10% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth10.6% a year✓

Equity per share growth6.8% a year✗

Sales growth11.8% a year✓

Free cash flow growth16.3% a year✓

Return on invested capital14.1%✓

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Insider activity

Since Jun 16, 2026: no open-market purchases, 8 sales worth $261K and 63 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-03

Sold

$41K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-08-31

Sold

$37K

Akgonul Rifat Kerim

Chief Product Officer · 2026-08-25

Sold

$44K

Akgonul Rifat Kerim

Chief Product Officer · 2026-08-25

Sold

$58K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-08-10

Sold

$28K

Show all 8 sales

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-08-07

Sold

$28K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-06-16

Sold

$3K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-06-16

Sold

$21K

Other filings

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-07

Tax withholding

$41K

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-07

Option exercise

2,280 shares

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-07

Tax withholding

$48K

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-07

Option exercise

2,280 shares

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-07

Tax withholding

$3K

Show all 63 other filings

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-07

Option exercise

334 shares

STILLWELL KENNETH

COO, CFO · 2026-09-07

Tax withholding

$77K

STILLWELL KENNETH

COO, CFO · 2026-09-07

Option exercise

5,220 shares

Trefler Leon

Chief of Clients and Markets · 2026-09-07

Tax withholding

$39K

Trefler Leon

Chief of Clients and Markets · 2026-09-07

Option exercise

2,658 shares

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-05

Tax withholding

$40K

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-05

Option exercise

2,202 shares

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-05

Tax withholding

$46K

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-05

Option exercise

2,202 shares

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-05

Tax withholding

$4K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-05

Option exercise

440 shares

STILLWELL KENNETH

COO, CFO · 2026-09-05

Tax withholding

$65K

STILLWELL KENNETH

COO, CFO · 2026-09-05

Option exercise

4,402 shares

Trefler Leon

Chief of Clients and Markets · 2026-09-05

Tax withholding

$32K

Trefler Leon

Chief of Clients and Markets · 2026-09-05

Option exercise

2,202 shares

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-04

Tax withholding

$29K

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-04

Option exercise

1,616 shares

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-04

Tax withholding

$34K

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-04

Option exercise

1,616 shares

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-04

Tax withholding

$3K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-04

Option exercise

322 shares

STILLWELL KENNETH

COO, CFO · 2026-09-04

Tax withholding

$48K

STILLWELL KENNETH

COO, CFO · 2026-09-04

Option exercise

3,232 shares

Trefler Leon

Chief of Clients and Markets · 2026-09-04

Tax withholding

$24K

Trefler Leon

Chief of Clients and Markets · 2026-09-04

Option exercise

1,616 shares

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-03

Tax withholding

$56K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-03

Option exercise

$42K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-01

Tax withholding

$2K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-09-01

Option exercise

206 shares

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-01

Tax withholding

$21K

Akgonul Rifat Kerim

Chief Product Officer · 2026-09-01

Option exercise

1,176 shares

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-01

Tax withholding

$4K

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-01

Option exercise

186 shares

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-01

Tax withholding

$21K

Higgins John Gerard

Chief, Client &Partner Success · 2026-09-01

Option exercise

1,030 shares

STILLWELL KENNETH

COO, CFO · 2026-09-01

Tax withholding

$34K

STILLWELL KENNETH

COO, CFO · 2026-09-01

Option exercise

2,350 shares

Trefler Leon

Chief of Clients and Markets · 2026-09-01

Tax withholding

$17K

Trefler Leon

Chief of Clients and Markets · 2026-09-01

Option exercise

1,176 shares

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-08-31

Tax withholding

$54K

KOUNINIS EFSTATHIOS A

SVP, Chief Accounting Officer · 2026-08-31

Option exercise

$42K

LEDINGHAM DIANNE

director · 2026-08-25

G-Gift

6,242 shares

Ghai Rohit

director · 2026-08-15

Award

3,868 shares

Ghai Rohit

director · 2026-08-15

Award

$257K

GYENES PETER

director · 2026-08-15

Award

$257K

GYENES PETER

director · 2026-08-15

Award

3,868 shares

JONES RICHARD H

director · 2026-08-15

Award

3,868 shares

JONES RICHARD H

director · 2026-08-15

Award

$257K

LAFOND CHRISTOPHER

director · 2026-08-15

Award

$257K

LAFOND CHRISTOPHER

director · 2026-08-15

Award

3,868 shares

LEDINGHAM DIANNE

director · 2026-08-15

Award

3,868 shares

LEDINGHAM DIANNE

director · 2026-08-15

Award

$257K

Rowlands Sharon T

director · 2026-08-15

Award

3,868 shares

Rowlands Sharon T

director · 2026-08-15

Award

$257K

WEBER LARRY

director · 2026-08-15

Award

$257K

WEBER LARRY

director · 2026-08-15

Award

3,868 shares

STILLWELL KENNETH

COO, CFO · 2026-08-10

Tax withholding

$602K

STILLWELL KENNETH

COO, CFO · 2026-08-10

Option exercise

$439K

About Pegasystems Inc.

Pegasystems Inc., founded in 1983 and headquartered in Cambridge, Massachusetts, is a global provider of enterprise software solutions. The company's operations span the United States, the wider Americas, the United Kingdom, other European nations, the Middle East, Africa, and the Asia-Pacific region, encompassing development, marketing, licensing, hosting, and support services. Their product portfolio includes the…

Software - Application

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Insider activity

Sales

Other filings

About Pegasystems Inc.