PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson Sells 12,108 Shares

PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson sold 12,108 shares of PagerDuty stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $20.49, for a total value of $248,092.92. Following the sale, the chief financial officer now directly owns 594,202 shares of the company’s stock, valued at $12,175,198.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

PagerDuty Price Performance

Shares of PagerDuty stock traded up $0.36 during trading on Friday, reaching $21.35. 2,059,049 shares of the company’s stock were exchanged, compared to its average volume of 1,260,020. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.59 and a current ratio of 2.59. PagerDuty, Inc. has a 1-year low of $17.92 and a 1-year high of $26.70. The company has a market cap of $2.04 billion, a P/E ratio of -21.14 and a beta of 1.07. The firm’s 50-day moving average price is $20.73 and its 200 day moving average price is $22.28.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, May 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The business had revenue of $111.17 million during the quarter, compared to analysts’ expectations of $111.74 million. As a group, research analysts anticipate that PagerDuty, Inc. will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings in PagerDuty by 7.2% in the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock worth $298,000 after purchasing an additional 868 shares in the last quarter. Cambridge Trust Co. bought a new stake in shares of PagerDuty in the 1st quarter valued at about $68,000. Washington Harbour Partners LP grew its position in shares of PagerDuty by 4.5% in the 1st quarter. Washington Harbour Partners LP now owns 185,301 shares of the company’s stock valued at $4,203,000 after buying an additional 7,900 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its position in shares of PagerDuty by 8.5% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 528,842 shares of the company’s stock valued at $11,994,000 after buying an additional 41,580 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of PagerDuty by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock valued at $78,254,000 after buying an additional 64,359 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $30.00 in a report on Monday, March 18th. Robert W. Baird dropped their price objective on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Craig Hallum raised PagerDuty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $30.00 in a report on Wednesday, June 12th. Canaccord Genuity Group dropped their price objective on PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Scotiabank began coverage on PagerDuty in a report on Friday, June 28th. They issued a “sector perform” rating and a $23.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, PagerDuty has a consensus rating of “Moderate Buy” and a consensus target price of $26.90.

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.