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Following these transactions, Tejada’s direct ownership in PagerDuty (NYSE:PD) stands at 868,311 shares. There are also additional indirect holdings under various trusts, including the Tejada 2023 and 2024 Grantor Retained Annuity Trusts, as well as the Langford Island Trust. These trusts collectively hold a significant number of shares, indicating Tejada’s continued investment in the company. For a deeper understanding of PagerDuty’s insider ownership patterns and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro. For a deeper understanding of PagerDuty’s insider ownership patterns and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro.
Following these transactions, Tejada’s direct ownership in PagerDuty stands at 868,311 shares. There are also additional indirect holdings under various trusts, including the Tejada 2023 and 2024 Grantor Retained Annuity Trusts, as well as the Langford Island Trust. These trusts collectively hold a significant number of shares, indicating Tejada’s continued investment in the company. For a deeper understanding of PagerDuty’s insider ownership patterns and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro.
Following these transactions, Tejada’s direct ownership in PagerDuty stands at 868,311 shares. There are also additional indirect holdings under various trusts, including the Tejada 2023 and 2024 Grantor Retained Annuity Trusts, as well as the Langford Island Trust. These trusts collectively hold a significant number of shares, indicating Tejada’s continued investment in the company.
In other recent news, PagerDuty reported a 9% year-over-year increase in third-quarter revenues, reaching $119 million, with its Annual Recurring Revenue (ARR) growing 10% to $483 million. The company also launched PagerDuty Advance, a generative AI offering, and secured its first paid customers. Furthermore, the company’s operating margins expanded to 21%, indicating improved efficiency in operations.
In terms of analyst outlook, JPMorgan downgraded PagerDuty’s stock from Neutral to Underweight, citing concerns over the company’s multi-product platform strategy amidst a competitive environment. On the other hand, Truist Securities maintained its Buy rating on PagerDuty, highlighting the company’s potential for growth despite some challenges.
In a strategic move, PagerDuty announced the integration of new generative AI and automation capabilities into its Operations Cloud platform, in collaboration with Amazon (NASDAQ:AMZN) Web Services. This is aimed at enhancing operational automation, connectivity, and resilience.
Lastly, for the upcoming fourth quarter, PagerDuty projects its revenue to be between $118.5-$120.5 million, with an expected operating margin of 16%. These are among the recent developments in the company.
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