Pegasystems Insider Sells $329K in Stock

Rifat Kerim Akgonul, an insider at the software company, disposed of 7,594 shares.

Mar. 18, 2026 at 10:26am

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Rifat Kerim Akgonul, an insider at Pegasystems Inc. (NASDAQ:PEGA), sold 7,594 shares of the company's stock on Monday, March 16th. The shares were sold at an average price of $43.39, for a total transaction value of $329,503.66. Following the sale, Akgonul still owns 111,429 shares in the company, valued at approximately $4.8 million.

Why it matters

Insider transactions, such as stock sales, can provide insights into a company's performance and the perspectives of those closest to its operations. Akgonul's sale represents a 6.38% decrease in his position, which could signal a change in his outlook on Pegasystems' prospects.

The details

The transaction was disclosed in a legal filing with the SEC. Pegasystems is a software company that specializes in customer engagement and digital process automation solutions. The company's stock opened at $42.48 on Wednesday, down from a 52-week high of $68.10.

  • The shares were sold on Monday, March 16th.
  • Pegasystems' stock opened at $42.48 on Wednesday.

The players

Rifat Kerim Akgonul

An insider at Pegasystems Inc. (NASDAQ:PEGA).

Pegasystems Inc.

A software company specializing in customer engagement and digital process automation solutions, headquartered in Cambridge, Massachusetts.

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The takeaway

This insider sale by Rifat Kerim Akgonul, while representing a relatively small portion of his overall stake, could signal a shift in his outlook on Pegasystems' future performance. Investors will likely be closely monitoring the company's stock price and any further insider transactions in the coming months.