PagerDuty, Inc. (NYSE:PD – Get Rating) CRO Dave Justice sold 1,362 shares of the company's stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $23.55, for a total transaction of $32,075.10. Following the completion of the sale, the executive now owns 429,194 shares in the company, valued at approximately $10,107,518.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Dave Justice also recently made the following trade(s):
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- On Monday, September 19th, Dave Justice sold 1,362 shares of PagerDuty stock. The stock was sold at an average price of $23.44, for a total transaction of $31,925.28.
PagerDuty Stock Up 0.9 %
Shares of PD traded up $0.19 during mid-day trading on Friday, hitting $22.51. 938,540 shares of the company's stock were exchanged, compared to its average volume of 1,207,743. The firm has a fifty day moving average of $25.90 and a two-hundred day moving average of $27.49. PagerDuty, Inc. has a twelve month low of $21.72 and a twelve month high of $47.82. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -15.31 and a beta of 1.06. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.13.
PagerDuty (NYSE:PD – Get Rating) last announced its quarterly earnings results on Thursday, September 1st. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. PagerDuty had a negative net
margin of 38.83% and a negative return on equity of 45.04%. The company had revenue of $90.30 million for the quarter, compared to analyst estimates of $88.22 million. During the same quarter in the prior year, the business posted ($0.35) EPS. PagerDuty's quarterly revenue was up 33.8% on a year-over-year basis. On average, sell-side analysts forecast that PagerDuty, Inc. will post -1.3 earnings per share for the current year.
Analyst Ratings Changes
PD has been the topic of several research reports. Craig Hallum dropped their price objective on shares of PagerDuty from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, September 2nd. Canaccord Genuity Group initiated coverage on shares of PagerDuty in a research report on Thursday, July 7th. They issued a "buy" rating and a $32.00 target price for the company. Monness Crespi & Hardt cut shares of PagerDuty from a "buy" rating to a "neutral" rating in a research report on Friday, August 12th. Robert W. Baird decreased their price objective on shares of PagerDuty from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, September 2nd. Finally, Cowen decreased their price objective on shares of PagerDuty from $40.00 to $37.00 and set an "outperform" rating for the company in a report on Friday, September 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, PagerDuty presently has an average rating of "Moderate Buy" and an average target price of $39.04.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in PagerDuty in the 1st quarter worth $143,174,000. RGM Capital LLC grew its position in PagerDuty by 20.9% in the 1st quarter. RGM Capital LLC now owns 3,626,607 shares of the company's stock worth $123,994,000 after purchasing an additional 626,823 shares during the last quarter. ARK Investment Management LLC grew its position in PagerDuty by 6.0% in the 2nd quarter. ARK Investment Management LLC now owns 10,882,979 shares of the company's stock worth $268,265,000 after purchasing an additional 615,438 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in shares of PagerDuty by 38.7% during the 4th quarter. Bares Capital Management Inc. now owns 1,636,425 shares of the company's stock worth $56,866,000 after acquiring an additional 456,791 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of PagerDuty by 47.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,099,664 shares of the company's stock worth $37,598,000 after acquiring an additional 353,682 shares during the period. 92.58% of the stock is currently owned by institutional investors and hedge funds.
PagerDuty Company Profile
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PagerDuty, Inc operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.
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