PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada Sells 31,250 Shares

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 31,250 shares of PagerDuty stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $21.07, for a total transaction of $658,437.50. Following the transaction, the chief executive officer now directly owns 1,023,579 shares of the company’s stock, valued at $21,566,809.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PagerDuty Price Performance

PD stock traded up $0.48 during midday trading on Thursday, reaching $20.99. The company had a trading volume of 1,070,098 shares, compared to its average volume of 1,253,967. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -20.78 and a beta of 1.07. The stock has a 50 day moving average price of $20.71 and a 200-day moving average price of $22.30. PagerDuty, Inc. has a 1-year low of $17.92 and a 1-year 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.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PD shares. Craig Hallum raised PagerDuty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $30.00 in a report on Wednesday, June 12th. Scotiabank started coverage on PagerDuty in a report on Friday, June 28th. They set a “sector perform” rating and a $23.00 target price for the company. Robert W. Baird dropped their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $30.00 in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. started coverage on PagerDuty in a report on Thursday, June 27th. They set a “neutral” rating and a $24.00 target price for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its position in PagerDuty by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after acquiring an additional 1,000 shares during the last quarter. Cambridge Trust Co. bought a new position in PagerDuty in the first quarter valued at about $68,000. Resolute Advisors LLC bought a new position in PagerDuty in the fourth quarter valued at about $142,000. a16z Perennial Management L.P. bought a new position in PagerDuty in the fourth quarter valued at about $148,000. Finally, Neo Ivy Capital Management bought a new stake in shares of PagerDuty during the fourth quarter worth about $171,000. Institutional investors 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.