PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson Sells 21,066 Shares

PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PagerDuty Stock Down 3.3 %

NYSE:PD traded down $0.68 during trading hours on Tuesday, reaching $19.73. 895,438 shares of the stock were exchanged, compared to its average volume of 1,126,865. The stock has a market cap of $1.84 billion, a PE ratio of -22.17 and a beta of 1.07. The firm has a 50 day moving average of $18.28 and a 200 day moving average of $19.63. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share 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 company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors have recently modified their holdings of PD. ARK Investment Management LLC grew its holdings in PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PagerDuty by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock worth $218,449,000 after purchasing an additional 33,454 shares during the last quarter. RGM Capital LLC lifted its stake in PagerDuty by 3.3% during the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after purchasing an additional 143,701 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of PagerDuty by 1.9% during the first quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock worth $78,254,000 after purchasing an additional 64,359 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in PagerDuty by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock valued at $17,789,000 after purchasing an additional 54,841 shares during the period. 97.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PD has been the subject of a number of research reports. Robert W. Baird lowered their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Craig Hallum cut 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. Morgan Stanley cut their price target on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Scotiabank cut 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. Six research 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 stock presently has an average rating of “Hold” and a consensus price target of $21.82.

PagerDuty Company Profile

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.