PagerDuty, Inc. (NYSE:PD) CAO Sells $53,132.52 in Stock

by · The Markets Daily

PagerDuty, Inc. (NYSE:PD – Get Free Report) CAO Mitra Rezvan sold 2,942 shares of PagerDuty stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PagerDuty Stock Up 0.8 %

Shares of PagerDuty stock opened at $18.27 on Friday. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The firm has a market capitalization of $1.70 billion, a PE ratio of -20.53 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The stock’s fifty day moving average is $18.49 and its 200-day moving average is $20.10.

PagerDuty (NYSE:PD – Get Free Report) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The firm had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. During the same quarter in the previous year, the company earned ($0.18) EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts anticipate that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in shares of PagerDuty during the fourth quarter valued at $171,000. Goldman Sachs Group Inc. grew its stake in PagerDuty by 65.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after acquiring an additional 904,136 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PagerDuty in the 4th quarter valued at about $4,630,000. Principal Financial Group Inc. lifted its position in shares of PagerDuty by 14.7% in the first quarter. Principal Financial Group Inc. now owns 12,005 shares of the company’s stock worth $272,000 after purchasing an additional 1,539 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in shares of PagerDuty during the first quarter worth approximately $11,083,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PD. Canaccord Genuity Group dropped their price target on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird decreased their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Scotiabank dropped their price objective on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.91.

View Our Latest Report on PD

About PagerDuty

(Get Free Report)

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.

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