Insider Selling: PagerDuty, Inc. (NYSE:PD) CEO Sells $251,500.00 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 12,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.12, for a total transaction of $251,500.00. Following the completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at $18,261,535.72. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00.
• 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 value of $769,759.60.

PagerDuty Stock Down 3.0 %

Shares of NYSE PD opened at $19.02 on Thursday. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The stock has a market cap of $1.71 billion, a P/E ratio of -23.77 and a beta of 1.09. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The business’s fifty day simple moving average is $19.53 and its 200-day simple moving average is $19.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PD shares. Craig Hallum decreased their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Scotiabank lowered their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group reduced their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. TD Cowen lowered their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.09.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently bought and sold shares of the stock. Quarry LP increased its stake in shares of 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 period. First Horizon Advisors Inc. increased its position 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 valued at $53,000 after purchasing an additional 508 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of PagerDuty by 170.6% in the 2nd 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of PagerDuty during the 2nd quarter worth $114,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of PagerDuty during the second quarter worth $181,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.