PagerDuty, Inc. (NYSE:PD) Insider Shelley Webb Sells 5,732 Shares

PagerDuty, Inc. (NYSE:PDGet Free Report) insider Shelley Webb sold 5,732 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the transaction, the insider now directly owns 235,657 shares in the company, valued at approximately $5,179,740.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PagerDuty Price Performance

Shares of PD stock opened at $20.98 on Wednesday. The stock’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $22.34. PagerDuty, Inc. has a fifty-two week low of $17.92 and a fifty-two week high of $26.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59.

PagerDuty (NYSE:PDGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $111.17 million during the quarter, compared to analysts’ expectations of $111.74 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. On average, analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current year.

Hedge Funds Weigh In On PagerDuty

Several institutional investors and hedge funds have recently modified their holdings of the stock. ARK Investment Management LLC increased its holdings in PagerDuty by 8.1% in the 4th quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock worth $264,221,000 after acquiring an additional 858,838 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PagerDuty by 5.8% during the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock worth $220,465,000 after purchasing an additional 536,763 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of PagerDuty by 1.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock worth $78,254,000 after purchasing an additional 64,359 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in PagerDuty by 65.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after buying an additional 904,136 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in PagerDuty by 50.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,160,281 shares of the company’s stock worth $50,011,000 after buying an additional 728,152 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PD shares. JPMorgan Chase & Co. initiated coverage on shares of PagerDuty in a research note on Thursday, June 27th. They set a “neutral” rating and a $24.00 price target for the company. Truist Financial raised shares of PagerDuty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $30.00 in a research note on Monday, March 18th. Robert W. Baird dropped their price objective on shares of PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Canaccord Genuity Group reduced their price objective on shares of PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Scotiabank began coverage on PagerDuty in a research report on Friday, June 28th. They set a “sector perform” rating and a $23.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.90.

Get Our Latest Stock Analysis on PD

PagerDuty Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for PagerDuty (NYSE:PD)

Receive News & Ratings for PagerDuty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagerDuty and related companies with MarketBeat.com's FREE daily email newsletter.