PagerDuty, Inc. (NYSE:PD) CEO Sells $31,380.00 in Stock

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 1,569 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total transaction of $31,380.00. Following the transaction, the chief executive officer now owns 868,311 shares of the company’s stock, valued at $17,366,220. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jennifer Tejada also recently made the following trade(s):

• On Thursday, December 12th, Jennifer Tejada sold 12,500 shares of PagerDuty stock. The shares were sold at an average price of $20.12, for a total transaction of $251,500.00.
• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00.
• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60.

PagerDuty Price Performance

PD stock traded down $0.91 during mid-day trading on Thursday, reaching $18.48. 1,383,744 shares of the company’s stock were exchanged, compared to its average volume of 919,454. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -23.09 and a beta of 1.13. The stock’s 50 day moving average is $19.26 and its 200 day moving average is $19.06. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $25.47. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97.

Institutional Trading of PagerDuty

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in PagerDuty by 285.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after purchasing an additional 936,257 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of PagerDuty by 33.4% during the third quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after purchasing an additional 202,382 shares during the period. Barclays PLC boosted its stake in PagerDuty by 24.2% during the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after acquiring an additional 175,733 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of PagerDuty by 297.0% during the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after purchasing an additional 164,061 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in PagerDuty in the second quarter worth about $2,956,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PD. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and dropped their target price for the company from $23.00 to $18.00 in a research report on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.64.

About PagerDuty

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.