Jennifer Tejada Sells 18,750 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction dated 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 trade represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 stock was 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 value of $376,687.50.

PagerDuty Stock Performance

Shares of PagerDuty stock opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company’s fifty day moving average is $18.39 and its 200 day moving average is $19.62.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The company 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 firm posted ($0.18) earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagerDuty

Large investors have recently modified their holdings of the company. ARK Investment Management LLC grew its holdings in PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after acquiring an additional 1,180,202 shares during the period. Vanguard Group Inc. lifted its stake in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after purchasing an additional 33,454 shares during the period. RGM Capital LLC boosted its position in shares of PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock valued at $84,668,000 after purchasing an additional 59,902 shares in the last quarter. Janus Henderson Group PLC grew its stake in PagerDuty by 1.9% during the first 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 period. Finally, Geode Capital Management LLC increased its holdings in PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after purchasing an additional 37,147 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PD has been the subject of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. TD Cowen lowered their price target on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Craig Hallum reduced their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird lowered their target price on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, Scotiabank lowered their price objective on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.