PagerDuty, Inc. (NYSE:PD) CFO Sells $421,741.32 in Stock

PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the sale, the chief financial officer now directly owns 545,742 shares in the company, valued at $10,925,754.84. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

PagerDuty Price Performance

Shares of NYSE:PD opened at $19.60 on Friday. The stock’s 50-day simple moving average is $18.35 and its two-hundred day simple moving average is $19.63. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last posted its quarterly earnings data 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 the consensus estimate of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, equities analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Craig Hallum cut their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. TD Cowen decreased their price target on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group dropped their price objective 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, Scotiabank decreased their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, PagerDuty currently has an average rating of “Hold” and an average target price of $21.82.

Institutional Investors Weigh In On PagerDuty

A number of hedge funds have recently modified their holdings of PD. ARK Investment Management LLC raised its holdings in PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after purchasing an additional 1,180,202 shares during the period. Loomis Sayles & Co. L P grew its holdings in PagerDuty by 33.4% during the third 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. Edgestream Partners L.P. increased its position in PagerDuty by 297.0% in the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after buying an additional 164,061 shares in the last quarter. RGM Capital LLC raised its stake in shares of PagerDuty by 3.3% in the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after buying an additional 143,701 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of PagerDuty during the 2nd quarter valued at about $2,956,000. Institutional investors own 97.26% of the company’s stock.

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.