PagerDuty, Inc. (NYSE:PD) CFO Sells $421,741.32 in Stock

PagerDuty, Inc. (NYSE:PD) CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the sale, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

PagerDuty Stock Performance

PD opened at $19.60 on Friday. The business’s fifty day simple moving average is $18.35 and its 200 day simple moving average is $19.63. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) EPS. On average, analysts predict that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of PagerDuty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ARK Investment Management LLC lifted its position in PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after buying an additional 1,180,202 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after acquiring an additional 202,382 shares in the last quarter. Edgestream Partners L.P. grew its holdings in PagerDuty by 297.0% in the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after purchasing an additional 164,061 shares during the period. RGM Capital LLC increased its stake in shares of PagerDuty by 3.3% during the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after purchasing an additional 143,701 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of PagerDuty during the second quarter valued at approximately $2,956,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Cowen cut their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada lowered their price objective on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. The Goldman Sachs Group reduced their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Scotiabank lowered their price target on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. decreased their target price on PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.82.

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.