PagerDuty Inc. (PD) Stock: Should Investors Follow These Insider Trades?

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PagerDuty Inc. (NYSE:PD) saw a downside of -5.61% to $27.25 after subtracting -$1.62 on Tuesday. The 5-day average trading volume is 1,271,596 shares of the company’s common stock. It has gained $29.07 in the past week and touched a new high 3 times within the past 5 days. An average of 925,539 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,036,174.

PD’s 1-month performance is 8.82% or $0.65 on its low of $23.06 reached on 01/06/23. The company’s shares have touched a 52-week low of $19.51 and high of $38.75, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, PD has achieved 8.70% or $0.64 and has reached a new high 5 times. However, the current price is down -29.68% from the 52-week high price.


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Insider Transactions

PD stock investors last saw insider trading activity on Jan 18.Tejada Jennifer (Chief Executive Officer) most recently sold 28,634 shares at $28.11 per share on Jan 18. This transaction cost the insider $804,902. Chief Executive Officer, Tejada Jennifer, sold 36,191 shares at a price of $28.01 on Jan 17. Then, on Jan 13, Chief Executive Officer Tejada Jennifer sold 20,494 shares at a price of $28.05 per share. This transaction amounted to $574,857.

Valuation Metrics

PD stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.06 while the price-to-book (PB) in the most recent quarter is 10.73.

PagerDuty Inc.’s quick ratio for the period ended October 30 was 2.40, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending October 30 was 1.18, while the total debt to equity was 1.18. In terms of profitability, the gross margin trailing 12 months is 81.00%. The firm’s gross profit as reported stood at $233.03 million against revenue of $281.4 million.

Earnings Surprise

For the quarterly period ending October 30 this year, PagerDuty Inc.’s cash and short-term investments amounted to $197.1 million against total debt of $303.04 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.05% to -$32.54 million, while revenue of -$38.5 million was -18.32% off the previous quarter. Analysts expected PD to announce -$0.04 per share in earnings in its latest quarter, but it posted $0.04, representing a 200.00% surprise. EBITDA for the quarter stood at more than -$22.66 million. PD stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 543.66 million, with total debt at $303.04 million. Shareholders hold equity totaling $89.98 million.

Let’s look briefly at PagerDuty Inc. (PD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 53.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 55.48%.

The stock’s 5-day moving average is $27.44, reflecting a -1.89% or -$0.52 change from its current price. PD is currently trading +1.40% above its 20-day SMA, +1.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.89% and SMA200 by-16.76%.

Stochastic %K and %D was 85.83% and 81.29% and the average true range (ATR) pointed at 1.46. The RSI (14) points at 55.08%, while the 14-day stochastic is at 68.80% with the period’s ATR at 1.41. The stock’s 9-day MACD Oscillator is pointing at 0.62 and 1.62 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for PagerDuty Inc. (NYSE: PD), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock.

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