PagerDuty, Inc. (NYSE:PD) CEO Sells $375,750.00 in Stock

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 completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at approximately $18,188,925.24. This represents 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 available at 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 shares were sold at an average price of $20.09, for a total transaction of $376,687.50.

PagerDuty Price Performance

PD traded down $0.36 on Friday, hitting $19.24. 74,135 shares of the stock were exchanged, compared to its average volume of 1,118,892. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $26.70. The business has a 50-day moving average of $18.35 and a two-hundred day moving average of $19.63. 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 posted its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $116.52 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. PagerDuty’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that PagerDuty, Inc. will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in PagerDuty by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock worth $2,826,000 after acquiring an additional 542 shares in the last quarter. Arizona State Retirement System raised its stake in PagerDuty by 2.8% during the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after acquiring an additional 676 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of PagerDuty by 5.1% in the second quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock valued at $407,000 after buying an additional 856 shares during the period. Finally, CWM LLC increased its stake in shares of PagerDuty by 7.2% in the second quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PD. JPMorgan Chase & Co. decreased their price objective on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird reduced their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley reduced their target price 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. Canaccord Genuity Group reduced their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Craig Hallum reduced their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.82.

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.