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

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00. Following the completion of the transaction, 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 at this link.

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 transaction 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 transaction of $376,687.50.

PagerDuty Stock Performance

NYSE PD opened at $18.65 on Friday. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The stock has a market cap of $1.74 billion, a P/E ratio of -20.96 and a beta of 1.07. The company’s 50-day simple moving average is $18.37 and its 200 day simple moving average is $19.63.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating 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 return on equity of 25.83% and a negative net margin of 18.58%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. As a group, research analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PD. TD Cowen dropped their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada dropped their price target on PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird reduced their price objective on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Bank of America lowered their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their target price 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. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.82.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PD. Quarry LP grew its stake in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after buying an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares in the last quarter. Fred Alger Management LLC grew its position in PagerDuty by 170.6% during the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock worth $57,000 after acquiring an additional 1,578 shares during the last quarter. Cambridge Trust Co. acquired a new stake in PagerDuty during the 1st quarter valued at $68,000. Finally, Headlands Technologies LLC bought a new position in PagerDuty in the 2nd quarter valued at $114,000. 97.26% of the stock is currently 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.