Jennifer Tejada Sells 14,512 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 14,512 shares of PagerDuty stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total transaction of $319,264.00. Following the sale, the chief executive officer now owns 1,010,861 shares in the company, valued at approximately $22,238,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 17th, Jennifer Tejada sold 2,000 shares of PagerDuty stock. The shares were sold at an average price of $22.00, for a total transaction of $44,000.00.
• On Thursday, July 11th, Jennifer Tejada sold 25,892 shares of PagerDuty stock. The shares were sold at an average price of $21.03, for a total transaction of $544,508.76.
• On Tuesday, July 9th, Jennifer Tejada sold 31,250 shares of PagerDuty stock. The shares were sold at an average price of $21.07, for a total transaction of $658,437.50.

PagerDuty Stock Down 2.8 %

NYSE PD opened at $19.45 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 2.58. The company has a fifty day moving average of $20.84 and a two-hundred day moving average of $21.96. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -19.26 and a beta of 1.07. PagerDuty, Inc. has a 52 week low of $17.92 and a 52 week high of $26.70.

PagerDuty (NYSE:PD) last issued 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). The firm had revenue of $111.17 million during the quarter, compared to analyst estimates of $111.74 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. On average, analysts predict that PagerDuty, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PD. Craig Hallum raised shares of PagerDuty from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $30.00 in a report on Wednesday, June 12th. The Goldman Sachs Group began coverage on shares of PagerDuty in a report on Thursday, July 18th. They issued a “neutral” rating and a $24.00 target price for the company. Scotiabank began coverage on shares of PagerDuty in a report on Friday, June 28th. They issued a “sector perform” rating and a $23.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of PagerDuty in a report on Thursday, June 27th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Canaccord Genuity Group cut their target price on shares of PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.64.

Institutional Trading of PagerDuty

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its stake in shares of PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares during the period. New York State Common Retirement Fund boosted its stake in shares of PagerDuty by 1.5% during the fourth quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after purchasing an additional 532 shares during the period. CWM LLC boosted its stake in shares of PagerDuty by 7.2% during the second quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after purchasing an additional 868 shares during the period. ProShare Advisors LLC boosted its stake in shares of PagerDuty by 6.9% during the first quarter. ProShare Advisors LLC now owns 16,045 shares of the company’s stock valued at $364,000 after purchasing an additional 1,034 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in shares of PagerDuty by 12.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 10,354 shares of the company’s stock valued at $240,000 after purchasing an additional 1,178 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

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.