Pagerduty Inc (NYSE:PD) VP Sells $1,325,500.00 in Stock

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Pagerduty Inc (NYSE:PD) VP Steven Chung sold 50,000 shares of Pagerduty stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $26.51, for a total value of $1,325,500.00.

Shares of PD opened at $25.45 on Friday. The firm’s 50-day simple moving average is $30.09. Pagerduty Inc has a 12-month low of $24.77 and a 12-month high of $59.82.

Pagerduty (NYSE:PD) last released its earnings results on Thursday, September 5th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.12. The firm had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.12 million. The business’s revenue for the quarter was up 45.8% on a year-over-year basis. On average, sell-side analysts forecast that Pagerduty Inc will post -0.76 earnings per share for the current year.

PD has been the subject of a number of research analyst reports. ValuEngine downgraded Pagerduty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $49.00 price target on Pagerduty and gave the company a “buy” rating in a research report on Tuesday, September 24th. KeyCorp reiterated a “hold” rating on shares of Pagerduty in a research report on Friday, September 6th. Zacks Investment Research upgraded Pagerduty from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, September 11th. Finally, DA Davidson initiated coverage on Pagerduty in a research report on Friday, August 16th. They set a “neutral” rating and a $36.00 price target for the company. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Pagerduty currently has a consensus rating of “Buy” and an average price target of $34.48.

A number of large investors have recently added to or reduced their stakes in PD. Public Employees Retirement System of Ohio bought a new stake in Pagerduty in the 2nd quarter worth approximately $70,000. NumerixS Investment Technologies Inc bought a new stake in Pagerduty in the 2nd quarter worth approximately $85,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Pagerduty in the 2nd quarter worth approximately $113,000. Flagship Harbor Advisors LLC bought a new stake in Pagerduty in the 2nd quarter worth approximately $157,000. Finally, Scotia Capital Inc. bought a new stake in Pagerduty in the 2nd quarter worth approximately $203,000. Institutional investors own 49.34% of the company’s stock.

Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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