Jennifer Tejada Sells 12,500 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 12,500 shares of PagerDuty stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the completion of the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,261,535.72. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The stock was sold at an average price of $20.04, for a total value of $375,750.00.
• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The shares were sold at an average price of $20.05, for a total value of $769,759.60.

PagerDuty Trading Down 3.0 %

Shares of PD stock opened at $19.61 on Wednesday. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The firm has a market capitalization of $1.77 billion, a PE ratio of -24.51 and a beta of 1.09. The stock has a fifty day moving average of $19.51 and a two-hundred day moving average of $19.66. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ARK Investment Management LLC raised its stake in shares of PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after buying an additional 1,180,202 shares in the last quarter. Loomis Sayles & Co. L P raised its position in PagerDuty by 33.4% in the third quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after acquiring an additional 202,382 shares in the last quarter. Barclays PLC lifted its holdings in PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after acquiring an additional 175,733 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of PagerDuty by 297.0% during the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after purchasing an additional 164,061 shares in the last quarter. Finally, RGM Capital LLC grew its stake in shares of PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after purchasing an additional 143,701 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

PD has been the topic of a number of research reports. Bank of America dropped their target price 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. Scotiabank dropped their price objective on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group decreased their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Craig Hallum lowered their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Robert W. Baird cut their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.09.

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.