Insider Selling: PagerDuty, Inc. (NYSE:PD) CEO Sells 93,942 Shares of Stock

PagerDuty, Inc. (NYSE:PD – Get Rating) CEO Jennifer Tejada sold 93,942 shares of PagerDuty stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $28.03, for a total transaction of $2,633,194.26. Following the completion of the sale, the chief executive officer now owns 606,465 shares in the company, valued at $16,999,213.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 13th, Jennifer Tejada sold 20,494 shares of PagerDuty stock. The shares were sold at an average price of $28.05, for a total transaction of $574,856.70.
• On Tuesday, January 17th, Jennifer Tejada sold 36,191 shares of PagerDuty stock. The shares were sold at an average price of $28.01, for a total transaction of $1,013,709.91.

PagerDuty Price Performance

NYSE:PD opened at $26.52 on Wednesday. PagerDuty, Inc. has a one year low of $19.51 and a one year high of $38.75. The company has a market cap of $2.39 billion, a P/E ratio of -17.45 and a beta of 0.89. The firm’s fifty day moving average price is $24.93 and its two-hundred day moving average price is $24.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.37 and a quick ratio of 2.37.

PagerDuty (NYSE:PD – Get Rating) last released its quarterly earnings data on Thursday, December 1st. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). PagerDuty had a negative net margin of 38.11% and a negative return on equity of 47.15%. The company had revenue of $94.20 million during the quarter, compared to analyst estimates of $92.77 million. Equities analysts expect that PagerDuty, Inc. will post -1.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PD shares. Craig Hallum lowered their price objective on shares of PagerDuty to $32.00 in a report on Friday, December 2nd. Royal Bank of Canada lowered their target price on shares of PagerDuty from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, November 28th. Robert W. Baird lowered their target price on shares of PagerDuty from $35.00 to $32.00 in a report on Friday, December 2nd. Truist Financial lowered their target price on shares of PagerDuty from $35.00 to $30.00 in a report on Wednesday, October 26th. Finally, Canaccord Genuity Group lowered their target price on shares of PagerDuty from $32.00 to $31.00 in a report on Monday, December 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PagerDuty presently has an average rating of “Moderate Buy” and an average target price of $33.27.

Institutional Investors Weigh In On PagerDuty

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in shares of PagerDuty in the second quarter valued at about $85,000. Axxcess Wealth Management LLC boosted its position in shares of PagerDuty by 15.2% in the second quarter. Axxcess Wealth Management LLC now owns 14,503 shares of the company’s stock valued at $359,000 after acquiring an additional 1,910 shares during the period. Transatlantique Private Wealth LLC bought a new stake in shares of PagerDuty in the second quarter valued at about $389,000. State of New Jersey Common Pension Fund D boosted its position in shares of PagerDuty by 18.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 94,971 shares of the company’s stock valued at $2,353,000 after acquiring an additional 14,692 shares during the period. Finally, Seaport Global Advisors LLC bought a new stake in shares of PagerDuty in the second quarter valued at about $89,000. Institutional investors own 90.66% of the company’s stock.

PagerDuty Company Profile

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PagerDuty, Inc operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.