PagerDuty, Inc. (NYSE:PD - Get Free Report) CAO Mitra Rezvan sold 2,215 shares of PagerDuty stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the sale, the chief accounting officer now directly owns 119,452 shares of the company's stock, valued at approximately $2,582,552.24. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PagerDuty Stock Down 1.3 %
Shares of PagerDuty stock opened at $22.11 on Friday. The stock's 50-day simple moving average is $23.40 and its 200-day simple moving average is $22.70. PagerDuty, Inc. has a 52 week low of $19.18 and a 52 week high of $35.06. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.50 and a current ratio of 2.50.
PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. The business had revenue of $111.12 million during the quarter, compared to analysts' expectations of $110.50 million. As a group, research analysts predict that PagerDuty, Inc. will post -0.44 EPS for the current year.
Institutional Investors Weigh In On PagerDuty
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Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of PagerDuty in the third quarter worth about $35,000. Quarry LP increased its holdings in shares of PagerDuty by 614.2% in the second quarter. Quarry LP now owns 1,764 shares of the company's stock worth $40,000 after purchasing an additional 1,517 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of PagerDuty by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company's stock worth $46,000 after purchasing an additional 1,000 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of PagerDuty in the second quarter worth about $50,000. Finally, Federated Hermes Inc. bought a new stake in shares of PagerDuty in the third quarter worth about $50,000. 97.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on PD. Morgan Stanley restated an "equal weight" rating and issued a $30.00 price target on shares of PagerDuty in a research note on Wednesday, January 24th. Bank of America started coverage on PagerDuty in a research note on Thursday, December 14th. They issued a "buy" rating and a $30.00 price target on the stock. Robert W. Baird lowered their target price on PagerDuty from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, March 15th. Truist Financial upgraded PagerDuty from a "hold" rating to a "buy" rating and lifted their target price for the company from $25.00 to $30.00 in a research report on Monday, March 18th. Finally, Canaccord Genuity Group lowered their target price on PagerDuty from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, PagerDuty presently has an average rating of "Moderate Buy" and a consensus price target of $27.25.
Check Out Our Latest Analysis on PD
About PagerDuty
(
Get Free Report)
PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.
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