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

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 18,750 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,188,925.24. This represents a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The stock was sold at an average price of $20.05, for a total value of $769,759.60.
• 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

Shares of PagerDuty stock traded down $0.44 during trading on Thursday, hitting $19.60. 729,490 shares of the stock were exchanged, compared to its average volume of 1,123,620. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -22.02 and a beta of 1.07. The company has a fifty day moving average price of $18.35 and a 200-day moving average price of $19.63. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. 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 (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. PagerDuty’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. As a group, equities analysts predict that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Canaccord Genuity Group reduced their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Morgan Stanley lowered their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Finally, Royal Bank of Canada lowered their price objective on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, PagerDuty presently has an average rating of “Hold” and an average price target of $21.82.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently added to or reduced their stakes in the business. Fred Alger Management LLC grew its position in shares of PagerDuty by 63.7% in the third quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock valued at $76,000 after purchasing an additional 1,594 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of PagerDuty by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 218,458 shares of the company’s stock worth $4,052,000 after purchasing an additional 3,232 shares in the last quarter. RGM Capital LLC increased its holdings in shares of PagerDuty by 1.3% during the third quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock worth $84,668,000 after purchasing an additional 59,902 shares during the period. Glenmede Trust Co. NA raised its position in shares of PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock valued at $13,386,000 after buying an additional 75,771 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in PagerDuty by 38.9% during the third quarter. BNP Paribas Financial Markets now owns 78,385 shares of the company’s stock worth $1,454,000 after buying an additional 21,952 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.