PagerDuty, Inc. (NYSE:PD) VP Stacey Giamalis Sells 6,000 Shares

PagerDuty, Inc. (NYSE:PD) VP Stacey Giamalis sold 6,000 shares of PagerDuty stock in a transaction on Monday, September 20th. The shares were sold at an average price of $45.86, for a total value of $275,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PD stock traded up $0.16 during mid-day trading on Wednesday, hitting $46.50. 1,075,231 shares of the stock were exchanged, compared to its average volume of 1,376,660. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.48 and a quick ratio of 3.48. The business has a fifty day moving average price of $42.34 and a 200 day moving average price of $41.13. PagerDuty, Inc. has a 12 month low of $24.92 and a 12 month high of $58.36. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -40.43 and a beta of 1.30.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Wednesday, September 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. PagerDuty had a negative return on equity of 27.60% and a negative net margin of 38.90%. The firm had revenue of $67.54 million during the quarter, compared to analyst estimates of $65.55 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year. As a group, equities analysts forecast that PagerDuty, Inc. will post -1.08 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PD. Envestnet Asset Management Inc. lifted its stake in shares of PagerDuty by 76.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,372 shares of the company’s stock valued at $1,222,000 after acquiring an additional 13,201 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of PagerDuty by 9.4% in the 1st quarter. Alliancebernstein L.P. now owns 37,311 shares of the company’s stock valued at $1,501,000 after acquiring an additional 3,211 shares during the last quarter. The PNC Financial Services Group Inc. increased its holdings in PagerDuty by 85.6% during the 1st quarter. The PNC Financial Services Group Inc. now owns 620 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the period. Swiss National Bank increased its holdings in PagerDuty by 2.3% during the 1st quarter. Swiss National Bank now owns 54,500 shares of the company’s stock valued at $2,193,000 after purchasing an additional 1,200 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in PagerDuty during the 1st quarter valued at about $621,000. 96.21% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on PD shares. JPMorgan Chase & Co. lifted their price target on PagerDuty from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, September 3rd. Monness Crespi & Hardt lifted their price objective on PagerDuty from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, September 3rd. They noted that the move was a valuation call. Truist Securities lifted their price objective on PagerDuty from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, September 3rd. Morgan Stanley lifted their price objective on PagerDuty from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, September 3rd. Finally, Zacks Investment Research lowered PagerDuty from a “hold” rating to a “sell” rating in a research note on Thursday, September 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $52.07.

About PagerDuty

PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.

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