PagerDuty, Inc. (NYSE:PD) CEO Sells $769,759.60 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 38,392 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value of $769,759.60. Following the sale, the chief executive officer now owns 907,631 shares of the company’s stock, valued at approximately $18,198,001.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jennifer Tejada also recently made the following trade(s):

• On Friday, August 23rd, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.09, for a total value of $376,687.50.

PagerDuty Stock Performance

NYSE:PD opened at $19.73 on Wednesday. The stock has a 50-day moving average price of $18.28 and a 200 day moving average price of $19.63. The stock has a market capitalization of $1.84 billion, a P/E ratio of -22.17 and a beta of 1.07. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The business had revenue of $115.94 million during the quarter, compared to analyst estimates of $116.52 million. During the same period last year, the firm posted ($0.18) EPS. The company’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of PagerDuty

Hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its position in shares of PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after acquiring an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. increased its position in PagerDuty by 28.0% in the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after purchasing an additional 508 shares during the last quarter. Fred Alger Management LLC raised its stake in PagerDuty by 170.6% during the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares in the last quarter. Cambridge Trust Co. bought a new position in PagerDuty during the first quarter valued at $68,000. Finally, Headlands Technologies LLC purchased a new position in shares of PagerDuty in the 2nd quarter worth $114,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PD shares. Morgan Stanley dropped their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America decreased their target price on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group lowered their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada decreased their price objective on PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.82.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.