PagerDuty (NYSE:PD) Insider Sells 107,000 Shares of Stock

PagerDuty (NYSE:PD) insider Jennifer Tejada sold 107,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the sale, the insider owned 1,563,251 shares in the company, valued at $23,620,722.61. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 24th, Jennifer Tejada sold 8,000 shares of PagerDuty stock. The stock was sold at an average price of $15.00, for a total value of $120,000.00.

PagerDuty Price Performance

PD stock traded down $0.23 on Friday, reaching $15.35. The company had a trading volume of 1,194,461 shares, compared to its average volume of 2,374,902. PagerDuty has a 1 year low of $5.70 and a 1 year high of $16.77. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The company’s fifty day moving average is $12.86 and its 200 day moving average is $9.66. The company has a market cap of $1.21 billion, a P/E ratio of 7.67, a PEG ratio of 2.34 and a beta of 0.97.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm had revenue of $124.44 million for the quarter, compared to analysts’ expectations of $123.27 million. During the same quarter in the prior year, the firm earned $0.30 EPS. PagerDuty’s quarterly revenue was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, research analysts forecast that PagerDuty will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PD shares. Morgan Stanley upped their target price on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Royal Bank Of Canada lifted their price target on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Truist Financial boosted their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. UBS Group set a $13.50 price objective on shares of PagerDuty in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Institutional Trading of PagerDuty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PD. Versant Capital Management Inc boosted its holdings in shares of PagerDuty by 51.5% in the 3rd quarter. Versant Capital Management Inc now owns 3,494 shares of the company’s stock valued at $53,000 after purchasing an additional 1,187 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in PagerDuty in the second quarter valued at about $161,000. Integrated Wealth Concepts LLC purchased a new stake in PagerDuty during the 2nd quarter worth approximately $105,000. IFP Advisors Inc raised its position in shares of PagerDuty by 68.8% in the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company’s stock valued at $28,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of PagerDuty by 92.7% in the 2nd quarter. Allworth Financial LP now owns 9,549 shares of the company’s stock valued at $92,000 after purchasing an additional 4,593 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

About PagerDuty

PagerDuty, Inc (NYSE: PD) provides a cloud-based digital operations management platform designed to help organizations detect, respond to and resolve operational issues. Its services support incident management, on-call scheduling, escalation workflows and collaboration among technology, development, IT operations and business teams.

The company’s PagerDuty Operations Cloud combines real-time event monitoring, incident response, automation and artificial intelligence capabilities. Its products are intended to help customers identify disruptions, coordinate the appropriate responders, automate routine remediation and improve the reliability of digital services and customer experiences.

PagerDuty serves organizations across industries and geographies through a subscription-based software model.