PagerDuty (NYSE:PD) Stock: Insider Jennifer Tejada Sells 8,000 Shares

Key Points

• PagerDuty insider Jennifer Tejada sold 8,000 shares at an average price of $15, generating $120,000. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 0.48% to 1.67 million shares.
• PagerDuty shares recently traded at $14.47, well above their 50-day and 200-day moving averages, while the company reported quarterly EPS of $0.32 and revenue of $124.44 million, both slightly ahead of analyst expectations.
• Analyst sentiment remains mixed, with three Buy, five Hold and two Sell ratings and a consensus price target of $12.56. Institutional investors own 97.26% of the company, with several major funds recently establishing positions.

PagerDuty (NYSE:PD - Get Free Report) insider Jennifer Tejada sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $15.00, for a total transaction of $120,000.00. Following the sale, the insider directly owned 1,670,251 shares of the company's stock, valued at approximately $25,053,765. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PagerDuty Price Performance

NYSE:PD traded up $0.09 during mid-day trading on Monday, reaching $14.47. The stock had a trading volume of 1,301,119 shares, compared to its average volume of 2,381,246. The stock has a 50-day simple moving average of $12.40 and a two-hundred day simple moving average of $9.44. The stock has a market capitalization of $1.14 billion, a PE ratio of 7.23, a P/E/G ratio of 2.23 and a beta of 0.96. PagerDuty has a 12 month low of $5.70 and a 12 month high of $16.91. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same quarter last year, the company posted $0.30 EPS. The company's revenue for the quarter 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. On average, equities analysts anticipate that PagerDuty will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on PD shares. Canaccord Genuity Group increased their price objective on shares of PagerDuty from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Morgan Stanley upped their price objective on PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday, August 28th. Weiss Ratings raised shares of PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Royal Bank Of Canada lifted their price target on shares of PagerDuty from $9.00 to $12.00 and gave the stock a "sector perform" rating in a report on Friday, August 14th. Finally, UBS Group set a $13.50 price target on PagerDuty in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in shares of PagerDuty during the 1st quarter worth approximately $6,074,000. Bank of New York Mellon Corp acquired a new stake in PagerDuty in the second quarter worth $7,629,000. Deutsche Bank AG bought a new stake in PagerDuty in the second quarter valued at $5,642,000. GC Wealth Management RIA LLC bought a new stake in PagerDuty in the first quarter valued at $2,552,000. Finally, Ieq Capital LLC acquired a new position in shares of PagerDuty during the second quarter valued at about $3,918,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Company Profile

PagerDuty, Inc provides a digital operations management platform designed to help organizations detect, respond to and resolve critical issues across their technology and business operations. Its platform brings together data from applications, infrastructure, cloud environments and other systems to help teams manage incidents and maintain the reliability of digital services.

The company's offerings include incident management, AIOps, workflow automation and customer service operations capabilities.

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