PagerDuty, Inc. (NYSE:PD) CEO Sells $31,380.00 in Stock

PagerDuty, Inc. (NYSE:PD - Get Free Report) CEO Jennifer Tejada sold 1,569 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total transaction of $31,380.00. Following the sale, the chief executive officer now owns 868,311 shares in the company, valued at approximately $17,366,220. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 12th, Jennifer Tejada sold 12,500 shares of PagerDuty stock. The stock was sold at an average price of $20.12, for a total transaction of $251,500.00.
• On Tuesday, November 12th, Jennifer Tejada sold 18,750 shares of PagerDuty stock. The shares were sold at an average price of $20.04, for a total value 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

PD stock traded up $0.26 during trading hours on Monday, hitting $18.78. 1,061,009 shares of the stock were exchanged, compared to its average volume of 934,310. 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 $25.47. The firm has a market capitalization of $1.69 billion, a P/E ratio of -23.47 and a beta of 1.13. The company has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $19.01.

Institutional Investors Weigh In On PagerDuty

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in PagerDuty by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company's stock valued at $2,826,000 after buying an additional 542 shares in the last quarter. Hsbc Holdings PLC increased its position in PagerDuty by 6.0% in the 2nd quarter. Hsbc Holdings PLC now owns 16,589 shares of the company's stock valued at $380,000 after acquiring an additional 935 shares during the period. Marshall Wace LLP increased its position in PagerDuty by 28.4% in the 2nd quarter. Marshall Wace LLP now owns 46,100 shares of the company's stock valued at $1,057,000 after acquiring an additional 10,200 shares during the period. Squarepoint Ops LLC acquired a new position in shares of PagerDuty during the second quarter worth $2,956,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in PagerDuty by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,347 shares of the company's stock worth $1,154,000 after buying an additional 1,820 shares during the period. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PD. Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $23.00 to $18.00 in a research report on Thursday. JPMorgan Chase & Co. reissued an "underweight" rating and set a $21.00 price objective on shares of PagerDuty in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price objective on PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PagerDuty presently has a consensus rating of "Hold" and an average target price of $21.64.

PagerDuty Company Profile

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.