PagerDuty, Inc. (NYSE:PD – Get Rating) CFO Howard Wilson sold 20,000 shares of the stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $29.52, for a total transaction of $590,400.00. Following the completion of the transaction, the chief financial officer now owns 463,003 shares in the company, valued at approximately $13,667,848.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Howard Wilson also recently made the following trade(s):
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- On Tuesday, December 27th, Howard Wilson sold 20,615 shares of PagerDuty stock. The shares were sold at an average price of $25.97, for a total transaction of $535,371.55.
- On Monday, December 12th, Howard Wilson sold 15,000 shares of PagerDuty stock. The stock was sold at an average price of $25.05, for a total transaction of $375,750.00.
PagerDuty Price Performance
NYSE PD traded up $1.09 on Tuesday, hitting $29.79. The company had a trading volume of 968,528 shares, compared to its average volume of 1,187,694. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market capitalization of $2.68 billion, a PE ratio of -19.60 and a beta of 0.89. PagerDuty, Inc. has a 12-month low of $19.51 and a 12-month high of $38.75. The company's fifty day moving average price is $25.59 and its 200-day moving average price is $24.93.
PagerDuty (NYSE:PD – Get Rating) last issued its quarterly earnings results on Thursday, December 1st. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.03). PagerDuty had a negative net
margin of 38.11% and a negative return on equity of 47.15%. The company had revenue of $94.20 million during the quarter, compared to analysts' expectations of $92.77 million. As a group, analysts predict that PagerDuty, Inc. will post -1.3 earnings per share for the current year.
Institutional Investors Weigh In On PagerDuty
Several institutional investors and hedge funds have recently added to or reduced their stakes in PD. First Horizon Advisors Inc. acquired a new position in PagerDuty during the second quarter worth about $85,000. Axxcess Wealth Management LLC grew its position in shares of PagerDuty by 15.2% in the second quarter. Axxcess Wealth Management LLC now owns 14,503 shares of the company's stock valued at $359,000 after purchasing an additional 1,910 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of PagerDuty by 18.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 94,971 shares of the company's stock valued at $2,353,000 after purchasing an additional 14,692 shares during the last quarter. Transatlantique Private Wealth LLC purchased a new position in PagerDuty during the second quarter worth approximately $389,000. Finally, Seaport Global Advisors LLC purchased a new stake in PagerDuty in the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 90.66% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Credit Suisse Group upped their price target on shares of PagerDuty from $32.00 to $39.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial lowered their target price on PagerDuty from $35.00 to $30.00 in a research note on Wednesday, October 26th. Craig Hallum reduced their price target on PagerDuty to $32.00 in a research report on Friday, December 2nd. Robert W. Baird decreased their price target on PagerDuty from $35.00 to $32.00 in a report on Friday, December 2nd. Finally, Canaccord Genuity Group dropped their price objective on shares of PagerDuty from $32.00 to $31.00 in a research note on Monday, December 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.91.
About PagerDuty
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PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.
Further Reading
- Get a free copy of the StockNews.com research report on PagerDuty (PD)
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