PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada Sells 12,500 Shares

PagerDuty, Inc. (NYSE:PD) CEO Jennifer Tejada sold 12,500 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total transaction of $251,500.00. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,261,535.72. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Tejada also recently made the following trade(s):

• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The stock was sold at an average price of $20.04, for a total transaction of $375,750.00.
• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60.

PagerDuty Stock Performance

Shares of NYSE PD traded up $0.03 during trading on Monday, reaching $20.21. 962,199 shares of the company traded hands, compared to its average volume of 1,140,073. The stock has a market cap of $1.82 billion, a P/E ratio of -25.22 and a beta of 1.09. The firm’s fifty day simple moving average is $19.43 and its 200 day simple moving average is $19.64. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70.

Analyst Upgrades and Downgrades

PD has been the topic of several analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. Bank of America cut their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley lowered their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Scotiabank lowered their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group dropped their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.09.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its stake in PagerDuty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock valued at $614,000 after acquiring an additional 1,701 shares during the period. Geode Capital Management LLC raised its position in shares of PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock valued at $39,915,000 after buying an additional 37,147 shares during the last quarter. Aequim Alternative Investments LP lifted its stake in shares of PagerDuty by 43.8% in the third quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company’s stock worth $3,029,000 after buying an additional 49,700 shares in the last quarter. Barclays PLC boosted its position in PagerDuty by 24.2% during the third quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after acquiring an additional 175,733 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in PagerDuty during the 3rd quarter valued at about $278,000. 97.26% of the stock is owned by institutional investors and hedge funds.

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.