Insider Selling: PagerDuty, Inc. (NYSE:PD) CRO Sells 2,670 Shares of Stock

PagerDuty, Inc. (NYSE:PD) CRO Dave Justice sold 2,670 shares of the company’s stock in a transaction dated Tuesday, June 22nd. The stock was sold at an average price of $44.16, for a total transaction of $117,907.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Dave Justice also recently made the following trade(s):

  • On Tuesday, June 15th, Dave Justice sold 1,748 shares of PagerDuty stock. The shares were sold at an average price of $40.85, for a total transaction of $71,405.80.

PD stock traded down $0.80 during mid-day trading on Thursday, reaching $44.81. 123,883 shares of the stock traded hands, compared to its average volume of 1,408,800. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.70 and a current ratio of 3.75. PagerDuty, Inc. has a 52-week low of $23.00 and a 52-week high of $58.36. The stock has a market capitalization of $3.75 billion, a P/E ratio of -45.15 and a beta of 1.30. The stock has a fifty day moving average of $39.83.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Wednesday, June 2nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. PagerDuty had a negative net margin of 35.19% and a negative return on equity of 21.75%. The company had revenue of $63.59 million during the quarter, compared to analyst estimates of $62.05 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 27.7% on a year-over-year basis. Research analysts forecast that PagerDuty, Inc. will post -1 earnings per share for the current year.

A number of equities analysts recently issued reports on PD shares. Zacks Investment Research lowered shares of PagerDuty from a “hold” rating to a “sell” rating in a research report on Wednesday, June 9th. Evercore ISI upgraded shares of PagerDuty to an “outperform” rating and increased their target price for the company from $37.00 to $69.00 in a research report on Wednesday. Cowen started coverage on shares of PagerDuty in a research report on Friday, March 12th. They issued a “market perform” rating and a $54.00 target price for the company. Royal Bank of Canada increased their target price on shares of PagerDuty from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, June 3rd. Finally, CIBC increased their target price on shares of PagerDuty from $45.00 to $50.00 and gave the company an “outperformer” rating in a research report on Friday, June 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $46.31.

A number of hedge funds have recently bought and sold shares of the business. Hoylecohen LLC purchased a new stake in PagerDuty during the first quarter valued at about $255,000. Virtu Financial LLC lifted its stake in PagerDuty by 66.4% during the first quarter. Virtu Financial LLC now owns 36,408 shares of the company’s stock valued at $1,465,000 after buying an additional 14,532 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in PagerDuty during the first quarter valued at about $251,000. Paloma Partners Management Co lifted its stake in PagerDuty by 119.2% during the first quarter. Paloma Partners Management Co now owns 41,710 shares of the company’s stock valued at $1,678,000 after buying an additional 22,680 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in PagerDuty by 21.4% during the first quarter. Voloridge Investment Management LLC now owns 208,279 shares of the company’s stock valued at $8,379,000 after buying an additional 36,703 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

PagerDuty Company Profile

PagerDuty, Inc operates a digital operations management platform in the United States and internationally. Its platform harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real time. The company's platform provides on-call management, event intelligence, incident response, business visibility, and advanced analytics solutions to address digital operations management requirements.

Further Reading: retirement calculator

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.