Insider Selling: PagerDuty (NYSE:PD) Insider Sells $120,000.00 in Stock

PagerDuty (NYSE:PD) insider Jennifer Tejada sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $15.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider owned 1,670,251 shares in the company, valued at $25,053,765. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PagerDuty Stock Up 1.2%

PD stock opened at $15.12 on Thursday. The stock has a market cap of $1.19 billion, a P/E ratio of 7.56, a PEG ratio of 2.31 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. PagerDuty has a twelve month low of $5.70 and a twelve month high of $16.84. The company’s 50 day moving average is $12.72 and its two-hundred day moving average is $9.60.

PagerDuty (NYSE:PD) last issued its 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. The business had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Research analysts expect that PagerDuty will post 0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Truist Financial raised their price target on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Weiss Ratings upgraded PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, UBS Group set a $13.50 price objective on PagerDuty in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in PagerDuty in the 2nd quarter valued at about $161,000. Integrated Wealth Concepts LLC acquired a new stake in PagerDuty during the 2nd quarter worth approximately $105,000. IFP Advisors Inc lifted its position in PagerDuty by 68.8% during the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company’s stock worth $28,000 after acquiring an additional 1,166 shares during the period. Allworth Financial LP grew its stake in shares of PagerDuty by 92.7% in the 2nd quarter. Allworth Financial LP now owns 9,549 shares of the company’s stock valued at $92,000 after purchasing an additional 4,593 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of PagerDuty in the 2nd quarter valued at approximately $114,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.