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

PagerDuty, Inc. (NYSE:PD) 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 of the company’s stock, valued at approximately $17,366,220. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, December 12th, Jennifer Tejada sold 12,500 shares of PagerDuty stock. The shares were sold at an average price of $20.12, for a total value of $251,500.00.
• 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 value of $375,750.00.
• On Thursday, November 7th, Jennifer Tejada sold 38,392 shares of PagerDuty stock. The stock was sold at an average price of $20.05, for a total value of $769,759.60.

PagerDuty Stock Down 4.7 %

Shares of PD opened at $18.48 on Friday. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $25.47. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50 day moving average price is $19.26 and its 200-day moving average price is $19.06.

Institutional Investors Weigh In On PagerDuty

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in shares of PagerDuty by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company’s stock worth $15,051,000 after purchasing an additional 55,233 shares during the last quarter. Blue Trust Inc. increased its stake in PagerDuty by 24.8% during the 4th quarter. Blue Trust Inc. now owns 14,796 shares of the company’s stock valued at $274,000 after purchasing an additional 2,938 shares in the last quarter. AMI Asset Management Corp raised its holdings in PagerDuty by 154.2% in the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock worth $1,025,000 after buying an additional 34,063 shares during the last quarter. Avanza Fonder AB bought a new position in shares of PagerDuty in the fourth quarter worth approximately $499,000. Finally, Green Alpha Advisors LLC purchased a new stake in shares of PagerDuty during the fourth quarter valued at approximately $359,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PD. Royal Bank of Canada upped their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th. Finally, Bank of America cut PagerDuty from a “buy” rating to an “underperform” rating and cut their price objective for the company from $23.00 to $18.00 in a research report on Thursday. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.