Insider Selling: PagerDuty (NYSE:PD) Insider Sells 107,000 Shares of Stock

Key Points

• PagerDuty insider Jennifer Tejada sold 107,000 shares for approximately $1.62 million at an average price of $15.11, reducing her direct ownership by 6.41%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• PagerDuty shares traded at $15.35, near their one-year high of $16.77, while the company reported quarterly EPS of $0.32 and revenue of $124.44 million, both slightly above analyst expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $12.56; institutional investors and hedge funds own 97.26% of the stock.

PagerDuty (NYSE:PD - Get Free Report) insider Jennifer Tejada sold 107,000 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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

Shares of NYSE:PD traded down $0.23 during midday trading on Friday, hitting $15.35. The stock had a trading volume of 1,194,461 shares, compared to its average volume of 2,374,902. The company has a market capitalization of $1.21 billion, a PE ratio of 7.67, a P/E/G ratio of 2.34 and a beta of 0.97. The stock has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $9.66. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. PagerDuty has a 1 year low of $5.70 and a 1 year high of $16.77.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) 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 firm had revenue of $124.44 million during the quarter, compared to analysts' expectations of $123.27 million. During the same period in the prior year, the company posted $0.30 earnings per share. The firm's revenue for the quarter 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. As a group, equities analysts predict that PagerDuty will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PD has been the subject of several research analyst reports. UBS Group set a $13.50 price objective on PagerDuty in a research report on Wednesday, August 26th. Morgan Stanley boosted their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Friday, August 28th. TD Cowen reaffirmed a "buy" rating on shares of PagerDuty in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of PagerDuty from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Royal Bank Of Canada raised their price objective on shares of PagerDuty from $9.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, PagerDuty presently has a consensus rating of "Hold" and a consensus price target of $12.56.

Hedge Funds Weigh In On PagerDuty

Several hedge funds and other institutional investors have recently bought and sold shares of PD. WealthCollab LLC acquired a new stake in PagerDuty in the first quarter valued at $25,000. IFP Advisors Inc raised its stake in shares of PagerDuty by 68.8% during the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company's stock worth $28,000 after buying an additional 1,166 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of PagerDuty by 1,219.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company's stock worth $31,000 after buying an additional 4,599 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PagerDuty by 419.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company's stock worth $32,000 after buying an additional 4,147 shares in the last quarter. Finally, Optiver Holding B.V. grew its stake in PagerDuty by 5,699.0% in the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company's stock valued at $37,000 after acquiring an additional 5,927 shares during the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.