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

Key Points

• PagerDuty insider Jennifer Tejada sold 57,500 shares at an average price of $17.16, generating $986,700. The sale, conducted under a Rule 10b5-1 trading plan, reduced her ownership by 3.85% to 1,434,541 shares.
• PagerDuty shares traded at $16.68, near their 52-week high of $17.55, with a market capitalization of approximately $1.31 billion. The stock has risen well above its 50-day and 200-day moving averages.
• The company exceeded quarterly earnings and revenue expectations, reporting $0.32 in EPS and $124.44 million in revenue. Analysts maintain a consensus “Hold” rating, with an average price target of $12.56.

PagerDuty (NYSE:PD - Get Free Report) insider Jennifer Tejada sold 57,500 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $17.16, for a total value of $986,700.00. Following the completion of the sale, the insider owned 1,434,541 shares in the company, valued at $24,616,723.56. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $1,616,770.00.
• 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 value of $120,000.00.

PagerDuty Price Performance

NYSE:PD traded up $0.52 during trading hours on Monday, reaching $16.68. The stock had a trading volume of 1,211,651 shares, compared to its average volume of 2,333,561. The stock 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 52 week low of $5.70 and a 52 week high of $17.55. The company has a 50 day moving average price of $14.05 and a two-hundred day moving average price of $10.39. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating 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 firm had revenue of $124.44 million during the quarter, compared to the consensus estimate of $123.27 million. During the same period in the prior year, the company earned $0.30 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. 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, sell-side analysts anticipate that PagerDuty will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of PagerDuty

Several institutional investors and hedge funds have recently made changes to their positions in PD. IFP Advisors Inc increased its holdings in shares of PagerDuty by 68.8% in the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company's stock valued at $28,000 after acquiring an additional 1,166 shares during the period. Versant Capital Management Inc lifted its stake in shares of PagerDuty by 51.5% during the 3rd quarter. Versant Capital Management Inc now owns 3,494 shares of the company's stock worth $53,000 after purchasing an additional 1,187 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of PagerDuty during the 3rd quarter worth $38,000. WealthCollab LLC bought a new stake in PagerDuty during the first quarter valued at about $25,000. Finally, EverSource Wealth Advisors LLC boosted its position in PagerDuty by 419.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company's stock valued at $32,000 after purchasing an additional 4,147 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PD shares. Wall Street Zen cut shares of PagerDuty from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. TD Cowen reiterated a "buy" rating on shares of PagerDuty in a research report on Wednesday, August 26th. Truist Financial lifted their price target on PagerDuty from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Canaccord Genuity Group boosted their price objective on PagerDuty from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Finally, Morgan Stanley upped their price objective on PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned 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.

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.

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