PagerDuty, Inc. (NYSE:PD) CEO Sells $251,500.00 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 12,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total transaction of $251,500.00. Following the completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at $18,261,535.72. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00.
• 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.

PagerDuty Stock Down 3.0 %

Shares of NYSE:PD opened at $19.02 on Thursday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -23.77 and a beta of 1.09. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The firm’s 50-day simple moving average is $19.53 and its 200-day simple moving average is $19.65. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares during the period. First Horizon Advisors Inc. raised its position in PagerDuty by 28.0% in the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares in the last quarter. Fred Alger Management LLC lifted its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after acquiring an additional 1,578 shares during the period. Headlands Technologies LLC purchased a new stake in shares of PagerDuty during the 2nd quarter worth $114,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of PagerDuty during the 3rd quarter worth $163,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PD. Morgan Stanley dropped their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird dropped their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Bank of America reduced their price objective on PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.09.

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.