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 value of $113,177.52. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PagerDuty Trading Up 0.8 %

PD opened at $18.27 on Friday. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70. The business has a fifty day simple moving average of $18.49 and a 200-day simple moving average of $20.10. The firm has a market cap of $1.70 billion, a P/E ratio of -20.53 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $115.94 million during 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted ($0.18) earnings per share. On average, equities analysts expect that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

PD has been the subject of several recent analyst reports. Robert W. Baird cut their target price on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Royal Bank of Canada cut their target price on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group cut 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 cut their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, Scotiabank cut their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PD. Quarry LP boosted its holdings in PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares during the period. First Horizon Advisors Inc. boosted its holdings in PagerDuty by 28.0% in 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. Fred Alger Management LLC boosted its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares during the period. Cambridge Trust Co. purchased a new position in PagerDuty in the first quarter valued at $68,000. Finally, Headlands Technologies LLC purchased a new position in PagerDuty in the second quarter valued at $114,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Company Profile

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.