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

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 38,392 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the transaction, the chief executive officer now owns 907,631 shares in the company, valued at approximately $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00.
• On Friday, August 23rd, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50.

PagerDuty Price Performance

NYSE:PD opened at $19.60 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a 50-day moving average price of $18.35 and a two-hundred day moving average price of $19.63. 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 (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. During the same period last year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PD shares. Morgan Stanley lowered their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Royal Bank of Canada reduced their target price on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Bank of America cut their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum cut their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.82.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently modified their holdings of the stock. Quarry LP lifted its position in PagerDuty by 1,537.2% during 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 holdings in 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 acquiring an additional 508 shares in the last quarter. Fred Alger Management LLC raised its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after acquiring an additional 1,578 shares in the last quarter. Cambridge Trust Co. acquired a new stake in PagerDuty in the first quarter valued at $68,000. Finally, Headlands Technologies LLC acquired a new stake in shares of PagerDuty during the second quarter worth $114,000. 97.26% of the stock is owned by institutional investors and hedge funds.

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.