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

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.09, for a total value of $376,687.50. Following the transaction, the chief executive officer now directly owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, July 30th, Jennifer Tejada sold 14,512 shares of PagerDuty stock. The stock was sold at an average price of $22.00, for a total value of $319,264.00.
• On Wednesday, July 17th, Jennifer Tejada sold 2,000 shares of PagerDuty stock. The shares were sold at an average price of $22.00, for a total value of $44,000.00.
• 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 transaction of $658,437.50.

PagerDuty Price Performance

PagerDuty stock opened at $19.78 on Friday. The business has a 50 day simple moving average of $20.49 and a 200-day simple moving average of $21.26. PagerDuty, Inc. has a 12 month low of $17.92 and a 12 month high of $26.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59. The stock has a market capitalization of $1.89 billion, a PE ratio of -19.58 and a beta of 1.07.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. The company had revenue of $111.17 million during the quarter, compared to analysts’ expectations of $111.74 million. Equities analysts predict that PagerDuty, Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On PagerDuty

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

Analyst Ratings Changes

Several research firms have issued reports on PD. Scotiabank initiated coverage on shares of PagerDuty in a research note on Friday, June 28th. They issued a “sector perform” rating and a $23.00 price objective for the company. The Goldman Sachs Group initiated coverage on PagerDuty in a research report on Thursday, July 18th. They issued a “neutral” rating and a $24.00 target price for the company. Craig Hallum raised PagerDuty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $30.00 in a research report on Wednesday, June 12th. Canaccord Genuity Group decreased their price objective on PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. began coverage on shares of PagerDuty in a research report on Thursday, June 27th. They set a “neutral” rating and a $24.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, PagerDuty has an average rating of “Hold” and an average price target 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.