Insider Selling: PagerDuty, Inc. (NYSE:PD) CAO Sells 2,942 Shares of Stock

PagerDuty, Inc. (NYSE:PD) CAO Mitra Rezvan sold 2,942 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PagerDuty Price Performance

NYSE PD traded up $0.04 during mid-day trading on Thursday, hitting $18.12. The stock had a trading volume of 901,413 shares, compared to its average volume of 1,183,456. The firm’s 50 day moving average is $18.51 and its 200 day moving average is $20.13. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -17.94 and a beta of 1.06.

PagerDuty (NYSE:PD) last issued its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $115.94 million during the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) EPS. Equities research analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on PD shares. Scotiabank dropped their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada decreased their price target on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Craig Hallum decreased their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. TD Cowen reduced their target price on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced 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. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.91.

Institutional Trading of PagerDuty

Large investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in shares of PagerDuty during the 4th quarter worth $171,000. Goldman Sachs Group Inc. grew its holdings in shares of PagerDuty by 65.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock worth $52,911,000 after purchasing an additional 904,136 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of PagerDuty during the 4th quarter worth $4,630,000. Principal Financial Group Inc. grew its holdings in shares of PagerDuty by 14.7% during the 1st quarter. Principal Financial Group Inc. now owns 12,005 shares of the company’s stock worth $272,000 after purchasing an additional 1,539 shares during the period. Finally, SpiderRock Advisors LLC purchased a new position in shares of PagerDuty during the 1st quarter worth $11,083,000. 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.