PagerDuty, Inc. (NYSE:PD – Get Rating) reached a new 52-week low during trading on Friday following insider selling activity. The stock traded as low as $21.58 and last traded at $21.94, with a volume of 11477 shares traded. The stock had previously closed at $22.32.

Specifically, CRO Dave Justice sold 1,362 shares of the company's stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $23.44, for a total value of $31,925.28. Following the transaction, the executive now directly owns 427,832 shares of the company's stock, valued at approximately $10,028,382.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Dave Justice sold 1,362 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $23.44, for a total transaction of $31,925.28. Following the transaction, the executive now directly owns 427,832 shares of the company's stock, valued at approximately $10,028,382.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Tejada sold 975 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $28.02, for a total value of $27,319.50. Following the transaction, the chief executive officer now directly owns 753,388 shares in the company, valued at $21,109,931.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,914 shares of company stock valued at $3,586,227. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PD shares. Canaccord Genuity Group initiated coverage on PagerDuty in a report on Thursday, July 7th. They set a "buy" rating and a $32.00 price target on the stock. Cowen reduced their price objective on PagerDuty from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Friday, September 2nd. Cowen reduced their price objective on PagerDuty from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Friday, September 2nd. Credit Suisse Group initiated coverage on PagerDuty in a research note on Friday. They issued an "outperform" rating and a $32.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on PagerDuty from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, September 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.04.

PagerDuty Price Performance

PagerDuty (NYSE:PD – Get Rating) last issued its quarterly earnings data on Thursday, September 1st. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.04. The firm had revenue of $90.30 million during the quarter, compared to analyst estimates of $88.22 million. PagerDuty had a negative return on equity of 45.04% and a negative net margin of 38.83%. The business's quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) earnings per share. Equities analysts anticipate that PagerDuty, Inc. will post -1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Arizona State Retirement System grew its position in shares of PagerDuty by 2.0% during the first quarter. Arizona State Retirement System now owns 18,375 shares of the company's stock valued at $628,000 after purchasing an additional 365 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of PagerDuty by 6.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,038 shares of the company's stock valued at $150,000 after acquiring an additional 369 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of PagerDuty by 3.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 15,735 shares of the company's stock valued at $777,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PagerDuty by 39.0% in the 2nd quarter. US Bancorp DE now owns 1,708 shares of the company's stock valued at $42,000 after acquiring an additional 479 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of PagerDuty by 6.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 9,483 shares of the company's stock valued at $324,000 after acquiring an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company's stock.

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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