PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada Sells 18,750 Shares

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00. Following the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at approximately $18,188,925.24. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60.
• On Friday, August 23rd, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The stock was sold at an average price of $20.09, for a total value of $376,687.50.

PagerDuty Price Performance

PD stock traded down $0.44 during midday trading on Thursday, reaching $19.60. 729,490 shares of the company’s stock traded hands, compared to its average volume of 1,123,620. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. The company has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $19.63. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -22.02 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canaccord Genuity Group decreased their price objective on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price objective on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Scotiabank dropped their price target on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley dropped their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Finally, TD Cowen dropped their price target on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, PagerDuty has a consensus rating of “Hold” and an average target price of $21.82.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently modified their holdings of PD. ARK Investment Management LLC lifted its stake in shares of PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the period. Vanguard Group Inc. lifted its stake in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after purchasing an additional 33,454 shares during the period. RGM Capital LLC lifted its stake in shares of PagerDuty by 1.3% in the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock valued at $84,668,000 after purchasing an additional 59,902 shares during the period. Janus Henderson Group PLC lifted its stake in shares of PagerDuty by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock valued at $78,254,000 after purchasing an additional 64,359 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after purchasing an additional 202,382 shares during the period. 97.26% of the stock is owned by institutional investors.

PagerDuty Company Profile

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.