Mitra Rezvan Sells 2,215 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PD) CAO Mitra Rezvan sold 2,215 shares of the firm’s 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 transaction, the chief accounting officer now owns 119,452 shares of the company’s stock, valued at $2,582,552.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PagerDuty Stock Up 1.7 %

PD opened at $22.47 on Friday. The business has a 50 day moving average price of $23.37 and a two-hundred day moving average price of $22.69. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. PagerDuty, Inc. has a 52 week low of $19.18 and a 52 week high of $35.06.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The firm had revenue of $111.12 million during the quarter, compared to analyst estimates of $110.50 million. PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. On average, equities research analysts predict that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PD shares. Bank of America began coverage on PagerDuty in a research report on Thursday, December 14th. They set a “buy” rating and a $30.00 price target for the company. Canaccord Genuity Group reduced their price objective on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $30.00 in a research note on Monday, March 18th. Robert W. Baird reduced their price objective on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a research note on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.25.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in PagerDuty during the 3rd quarter valued at $35,000. Quarry LP grew its holdings in PagerDuty by 614.2% during the 2nd quarter. Quarry LP now owns 1,764 shares of the company’s stock valued at $40,000 after buying an additional 1,517 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in PagerDuty by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after buying an additional 1,000 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in PagerDuty during the 2nd quarter valued at $50,000. Finally, Federated Hermes Inc. acquired a new stake in PagerDuty during the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Company Profile

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.