PagerDuty (NYSE:PD) Stock: Insider Jennifer Tejada Sells 57,500 Shares

PagerDuty (NYSE:PD) insider Jennifer Tejada sold 57,500 shares of PagerDuty stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $17.16, for a total transaction of $986,700.00. Following the completion of the transaction, the insider directly owned 1,434,541 shares in the company, valued at approximately $24,616,723.56. The trade was a 3.85% decrease in their position. The sale 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 Wednesday, September 30th, Jennifer Tejada sold 107,000 shares of PagerDuty stock. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00.
• On Thursday, September 24th, Jennifer Tejada sold 8,000 shares of PagerDuty stock. The shares were sold at an average price of $15.00, for a total transaction of $120,000.00.

PagerDuty Stock Up 3.2%

PD traded up $0.52 during trading on Monday, hitting $16.68. The stock had a trading volume of 1,211,651 shares, compared to its average volume of 2,333,561. The company has a market capitalization of $1.31 billion, a PE ratio of 8.34, a PEG ratio of 2.50 and a beta of 0.97. PagerDuty has a twelve month low of $5.70 and a twelve month high of $17.55. 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 stock has a 50 day simple moving average of $14.05 and a two-hundred day simple moving average of $10.39.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’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 predict that PagerDuty will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PD shares. Weiss Ratings upgraded PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. UBS Group set a $13.50 price target on PagerDuty in a research note on Wednesday, August 26th. TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Morgan Stanley upped their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Finally, Wall Street Zen lowered shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PagerDuty presently has an average rating of “Hold” and a consensus target price of $12.56.

Institutional Investors Weigh In On PagerDuty

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in shares of PagerDuty in the 1st quarter valued at $6,074,000. Glenmede Trust Co. NA raised its stake in PagerDuty by 35.7% in the 1st quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after acquiring an additional 246,482 shares during the last quarter. Bank of New York Mellon Corp lifted its position in PagerDuty by 44.5% during the 1st quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock worth $5,072,000 after acquiring an additional 251,651 shares during the period. Deutsche Bank AG acquired a new stake in PagerDuty during the 2nd quarter worth about $5,642,000. Finally, Pacer Advisors Inc. grew its stake in PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after purchasing an additional 242,100 shares during the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Company Profile

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.