Insider Selling: PagerDuty (NYSE:PD) Insider Sells $1,616,770.00 in Stock

PagerDuty (NYSE:PD) insider Jennifer Tejada sold 107,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was 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 directly 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 SEC, 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 transaction of $120,000.00.

PagerDuty Stock Performance

NYSE:PD opened at $15.35 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.71. The company has a market cap of $1.21 billion, a P/E ratio of 7.67, a P/E/G ratio of 2.37 and a beta of 0.97. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $16.77. The firm’s 50 day moving average is $12.99 and its two-hundred day moving average is $9.71.

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

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently bought and sold shares of PD. Dimensional Fund Advisors LP purchased a new stake in shares of PagerDuty during the first quarter valued at approximately $6,074,000. Bank of New York Mellon Corp purchased a new position in shares of PagerDuty in the second quarter valued at $7,629,000. Deutsche Bank AG acquired a new stake in PagerDuty during the 2nd quarter valued at $5,642,000. GC Wealth Management RIA LLC acquired a new stake in PagerDuty during the 1st quarter valued at $2,552,000. Finally, Ieq Capital LLC purchased a new stake in PagerDuty during the 2nd quarter worth $3,918,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PD shares. TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Royal Bank Of Canada boosted their target price on PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Weiss Ratings upgraded PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 18th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Morgan Stanley raised their price target on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.56.

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.