PagerDuty (NYSE:PD) Insider Jennifer Tejada Sells 5,945 Shares of Company Stock

PagerDuty (NYSE:PD) insider Jennifer Tejada sold 5,945 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $18.00, for a total value of $107,010.00. Following the completion of the transaction, the insider owned 1,431,596 shares of the company’s stock, valued at $25,768,728. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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, October 15th, Jennifer Tejada sold 57,500 shares of PagerDuty stock. The stock was sold at an average price of $17.16, for a total value of $986,700.00.
• On Wednesday, September 30th, Jennifer Tejada sold 107,000 shares of PagerDuty stock. The stock was sold at an average price of $15.11, for a total value 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 value of $120,000.00.

PagerDuty Stock Down 2.7%

PD opened at $16.91 on Friday. PagerDuty has a 12 month low of $5.70 and a 12 month high of $18.06. The business has a 50-day moving average of $15.10 and a two-hundred day moving average of $10.18. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.69 and a beta of 0.97.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s 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 expect that PagerDuty will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On PagerDuty

Several institutional investors have recently bought and sold shares of PD. Dimensional Fund Advisors LP purchased a new stake in shares of PagerDuty during the first quarter worth about $6,074,000. Glenmede Trust Co. NA boosted its holdings in PagerDuty by 35.7% in the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock valued at $5,822,000 after purchasing an additional 246,482 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in PagerDuty by 44.5% in the first quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock valued at $5,072,000 after purchasing an additional 251,651 shares during the last quarter. Deutsche Bank AG acquired a new stake in PagerDuty during the 2nd quarter valued at approximately $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 in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PD shares. Morgan Stanley boosted their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial lifted their target price on PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada boosted their price target on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Finally, TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Three research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.56.

About PagerDuty

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.