Shelley Webb Sells 6,859 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD - Get Free Report) insider Shelley Webb sold 6,859 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares of the company's stock, valued at $5,674,499.21. The sale was disclosed in a document filed with the SEC, which is available through this link.

PagerDuty Stock Up 0.4 %

Shares of NYSE:PD traded up $0.08 during trading on Monday, hitting $22.55. 1,072,454 shares of the company were exchanged, compared to its average volume of 1,393,026. The firm's 50 day moving average price is $23.33 and its 200-day moving average price is $22.68. PagerDuty, Inc. has a 12-month low of $19.18 and a 12-month high of $35.06. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market capitalization of $2.09 billion, a P/E ratio of -25.63 and a beta of 0.91.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. The firm had revenue of $111.12 million for the quarter, compared to analyst estimates of $110.50 million. On average, research analysts predict that PagerDuty, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PD shares. Robert W. Baird dropped their price objective on shares of PagerDuty from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, March 15th. Canaccord Genuity Group lowered their price objective on shares of PagerDuty from $30.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, March 18th. Truist Financial raised shares of PagerDuty from a "hold" rating to a "buy" rating and boosted their target price for the company from $25.00 to $30.00 in a research note on Monday, March 18th. Bank of America assumed coverage on PagerDuty in a research note on Thursday, December 14th. They set a "buy" rating and a $30.00 price target on the stock. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $30.00 price target on shares of PagerDuty in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.25.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PagerDuty in the 4th quarter worth $4,630,000. Goldman Sachs Group Inc. increased 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 buying an additional 904,136 shares during the period. American International Group Inc. raised its holdings in PagerDuty by 1.7% during the fourth quarter. American International Group Inc. now owns 45,072 shares of the company's stock worth $1,043,000 after purchasing an additional 763 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of PagerDuty in the fourth quarter valued at $171,000. Finally, FIL Ltd boosted its position in shares of PagerDuty by 0.6% during the 4th quarter. FIL Ltd now owns 3,604,168 shares of the company's stock valued at $83,436,000 after purchasing an additional 20,061 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company's stock.

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.