PagerDuty, Inc. (NYSE:PD) Insider Shelley Webb Sells 6,246 Shares

PagerDuty, Inc. (NYSE:PD) insider Shelley Webb sold 6,246 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now directly owns 216,572 shares of the company’s stock, valued at approximately $3,924,284.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

PagerDuty Stock Performance

Shares of NYSE PD traded up $0.04 during trading hours on Thursday, reaching $18.12. The stock had a trading volume of 901,413 shares, compared to its average volume of 1,183,456. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -17.94 and a beta of 1.06. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The business’s fifty day moving average is $18.51 and its two-hundred day moving average is $20.13. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) EPS. As a group, research analysts expect that PagerDuty, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On PagerDuty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PagerDuty in the fourth quarter valued at approximately $4,630,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of PagerDuty by 6,298.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock worth $1,270,000 after purchasing an additional 54,544 shares in the last quarter. Natixis Advisors LLC increased its position in shares of PagerDuty by 172.8% in the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock valued at $911,000 after buying an additional 25,170 shares in the last quarter. Clearline Capital LP acquired a new stake in PagerDuty during the 2nd quarter worth $1,323,000. Finally, Goldman Sachs Group Inc. lifted its holdings in PagerDuty by 65.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock worth $52,911,000 after acquiring an additional 904,136 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PD. The Goldman Sachs Group reduced their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Morgan Stanley dropped their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Bank of America lowered their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. TD Cowen cut their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Royal Bank of Canada lowered their target price on PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.91.

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.