PagerDuty, Inc. (NYSE:PD) CEO Sells $44,000.00 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $22.00, for a total transaction of $44,000.00. Following the sale, the chief executive officer now directly owns 1,015,637 shares in the company, valued at approximately $22,344,014. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction 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 Trading Down 0.0 %

PD stock opened at $20.23 on Monday. PagerDuty, Inc. has a one year low of $17.92 and a one year high of $26.70. 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 firm’s fifty day moving average is $20.80 and its 200 day moving average is $22.19.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, May 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The firm had revenue of $111.17 million for the quarter, compared to analysts’ expectations of $111.74 million. On average, sell-side analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of PagerDuty

A number of institutional investors and hedge funds have recently made changes to their positions in PD. Vanguard Group Inc. lifted its position in shares of PagerDuty by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after buying an additional 536,763 shares in the last quarter. SG Americas Securities LLC raised its position in PagerDuty by 60.2% during the fourth quarter. SG Americas Securities LLC now owns 31,239 shares of the company’s stock worth $723,000 after acquiring an additional 11,734 shares during the period. FNY Investment Advisers LLC lifted its holdings in PagerDuty by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after purchasing an additional 1,000 shares in the last quarter. ARK Investment Management LLC grew its position in shares of PagerDuty by 8.1% in the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after purchasing an additional 858,838 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PagerDuty by 10.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,521 shares of the company’s stock worth $961,000 after purchasing an additional 3,972 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.