Insider Selling: PagerDuty, Inc. (NYSE:PD) CFO Sells 600 Shares of Stock

PagerDuty, Inc. (NYSE:PD - Get Free Report) CFO Howard Wilson sold 600 shares of PagerDuty stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total value of $12,000.00. Following the completion of the transaction, the chief financial officer now owns 602,726 shares of the company's stock, valued at approximately $12,054,520. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Howard Wilson also recently made the following trade(s):

• On Thursday, November 7th, Howard Wilson sold 21,066 shares of PagerDuty stock. The stock was sold at an average price of $20.02, for a total value of $421,741.32.

PagerDuty Stock Performance

NYSE PD traded up $0.26 on Monday, reaching $18.78. The stock had a trading volume of 1,061,009 shares, compared to its average volume of 934,310. The stock has a market cap of $1.69 billion, a P/E ratio of -23.47 and a beta of 1.13. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $25.47. The business's 50-day moving average price is $19.19 and its 200 day moving average price is $19.01. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of PagerDuty by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company's stock worth $2,826,000 after purchasing an additional 542 shares during the last quarter. Point72 Asset Management L.P. raised its stake in PagerDuty by 1.4% during the third quarter. Point72 Asset Management L.P. now owns 58,377 shares of the company's stock worth $1,083,000 after purchasing an additional 819 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of PagerDuty by 5.1% in the 2nd quarter. Mackenzie Financial Corp now owns 17,735 shares of the company's stock valued at $407,000 after purchasing an additional 856 shares during the last quarter. Hsbc Holdings PLC grew its position in PagerDuty by 6.0% during the second 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. Finally, Quarry LP increased its position in PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company's stock worth $32,000 after purchasing an additional 1,322 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and lowered their target price for the company from $23.00 to $18.00 in a research note on Thursday. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price objective on PagerDuty from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.