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

PagerDuty, Inc. (NYSE:PDGet Rating) CEO Jennifer Tejada sold 93,942 shares of the firm’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $28.03, for a total value of $2,633,194.26. Following the transaction, the chief executive officer now owns 606,465 shares in the company, valued at approximately $16,999,213.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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

PagerDuty Trading Down 8.1 %

PagerDuty stock traded down $2.35 during trading hours on Tuesday, hitting $26.52. The stock had a trading volume of 1,572,705 shares, compared to its average volume of 1,084,283. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.18. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -17.45 and a beta of 0.89. PagerDuty, Inc. has a one year low of $19.51 and a one year high of $38.75. The business’s 50 day simple moving average is $24.93 and its 200-day simple moving average is $24.83.

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

Institutional Investors Weigh In On PagerDuty

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of PagerDuty by 2.5% in the third quarter. Vanguard Group Inc. now owns 7,481,775 shares of the company’s stock valued at $172,604,000 after buying an additional 180,197 shares during the period. William Blair Investment Management LLC increased its stake in shares of PagerDuty by 3.5% in the second quarter. William Blair Investment Management LLC now owns 4,332,503 shares of the company’s stock valued at $107,359,000 after buying an additional 144,894 shares during the period. RGM Capital LLC increased its stake in shares of PagerDuty by 2.3% in the third quarter. RGM Capital LLC now owns 3,907,801 shares of the company’s stock valued at $90,153,000 after buying an additional 86,831 shares during the period. Clearbridge Investments LLC increased its stake in shares of PagerDuty by 0.7% in the first quarter. Clearbridge Investments LLC now owns 3,557,845 shares of the company’s stock valued at $121,643,000 after buying an additional 24,545 shares during the period. Finally, State Street Corp boosted its position in shares of PagerDuty by 1.5% during the 3rd quarter. State Street Corp now owns 1,780,987 shares of the company’s stock valued at $41,087,000 after purchasing an additional 26,371 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PD shares. Canaccord Genuity Group lowered their price objective on PagerDuty from $32.00 to $31.00 in a research note on Monday, December 5th. Royal Bank of Canada reduced their price objective on PagerDuty from $38.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, November 28th. Morgan Stanley raised PagerDuty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $36.00 in a research note on Friday. Truist Financial reduced their price objective on PagerDuty from $35.00 to $30.00 in a research note on Wednesday, October 26th. Finally, Craig Hallum reduced their price objective on PagerDuty to $32.00 in a research note on Friday, December 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PagerDuty currently has an average rating of “Moderate Buy” and a consensus price target of $33.27.

About PagerDuty

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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.

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

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