Jennifer Tejada Sells 38,392 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.05, for a total value of $769,759.60. Following the completion of the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,198,001.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 23rd, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The stock was sold at an average price of $20.09, for a total value of $376,687.50.

PagerDuty Stock Performance

PD opened at $20.04 on Thursday. The business’s 50 day moving average is $18.31 and its 200-day moving average is $19.63. The stock has a market cap of $1.86 billion, a PE ratio of -22.67 and a beta of 1.07. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. On average, analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quarry LP increased its holdings in shares of PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. raised its stake in PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares during the period. Fred Alger Management LLC raised its stake in PagerDuty by 170.6% during the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares during the period. Cambridge Trust Co. purchased a new position in shares of PagerDuty during the 1st quarter valued at $68,000. Finally, Headlands Technologies LLC purchased a new position in shares of PagerDuty during the 2nd quarter valued at $114,000. Institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank decreased their price target on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird decreased their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Craig Hallum decreased their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. TD Cowen decreased their price target on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Bank of America cut their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.82.

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.