Insider Selling: PagerDuty, Inc. (NYSE:PD) CEO Sells $319,264.00 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 14,512 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $22.00, for a total value of $319,264.00. Following the sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at approximately $22,238,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 17th, Jennifer Tejada sold 2,000 shares of PagerDuty stock. The stock was sold at an average price of $22.00, for a total value of $44,000.00.
• On Thursday, July 11th, Jennifer Tejada sold 25,892 shares of PagerDuty stock. The stock was sold at an average price of $21.03, for a total value of $544,508.76.
• On Tuesday, July 9th, Jennifer Tejada sold 31,250 shares of PagerDuty stock. The shares were sold at an average price of $21.07, for a total value of $658,437.50.

PagerDuty Stock Down 2.8 %

PD stock opened at $19.45 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.59 and a current ratio of 2.59. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -19.26 and a beta of 1.07. PagerDuty, Inc. has a fifty-two week low of $17.92 and a fifty-two week high of $26.70. The stock has a fifty day moving average of $20.84 and a 200-day moving average of $21.96.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $111.17 million for the quarter, compared to analysts’ expectations of $111.74 million. PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. As a group, equities research analysts predict that PagerDuty, Inc. will post -0.44 earnings per share for the current year.

Institutional Trading of PagerDuty

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its holdings in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after acquiring an additional 508 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of PagerDuty by 1.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after acquiring an additional 532 shares in the last quarter. CWM LLC raised its holdings in shares of PagerDuty by 7.2% in the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after acquiring an additional 868 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of PagerDuty by 6.9% in the 1st quarter. ProShare Advisors LLC now owns 16,045 shares of the company’s stock valued at $364,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of PagerDuty by 12.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,354 shares of the company’s stock valued at $240,000 after acquiring an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PD. Canaccord Genuity Group reduced their price objective on PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Scotiabank began coverage on PagerDuty in a research note on Friday, June 28th. They issued a “sector perform” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. began coverage on PagerDuty in a research note on Thursday, June 27th. They issued a “neutral” rating and a $24.00 price objective for the company. The Goldman Sachs Group began coverage on PagerDuty in a research note on Thursday, July 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Craig Hallum upgraded PagerDuty from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $30.00 in a research note on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.64.

About PagerDuty

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.