Insider Selling: PagerDuty, Inc. (NYSE:PD) CFO Sells 21,066 Shares of Stock

PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PagerDuty Price Performance

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

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PD shares. Robert W. Baird reduced their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Craig Hallum reduced their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, Scotiabank lowered their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, PagerDuty has an average rating of “Hold” and a consensus target price of $21.82.

Hedge Funds Weigh In On PagerDuty

Several large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of 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 buying an additional 1,322 shares during the period. First Horizon Advisors Inc. lifted its position in PagerDuty by 28.0% during 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 during the last quarter. Fred Alger Management LLC boosted its holdings in shares of 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 shares of PagerDuty in the first quarter valued at approximately $68,000. Finally, Headlands Technologies LLC bought a new position in shares of PagerDuty during the second quarter worth approximately $114,000. 97.26% of the stock is owned by institutional investors.

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.