PagerDuty's chief legal and people officer sells stock worth $143,319

Shelley Webb, Chief Legal and People Officer at PagerDuty, Inc. (NYSE:PD), recently sold 7,879 shares of common stock. The transactions, completed on January 6, 2025, were conducted at a weighted average price of $18.19 per share, with individual sale prices ranging from $18.02 to $18.40. The sale comes as PagerDuty's stock trades near its 52-week low of $16.46, having declined about 24% over the past year. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics. This sale was carried out under a pre-established 10b5-1 trading plan that Webb adopted in July 2024. Following this transaction, Webb retains ownership of 199,122 shares, a portion of which are restricted stock units. While the company isn't currently profitable, InvestingPro data shows PagerDuty maintains strong financial health with a current ratio of 1.97 and impressive gross profit margins of 82.5%. Analysts expect the company to achieve profitability this year, with 4 analysts recently revising their earnings estimates upward. For deeper insights into PagerDuty's financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, PagerDuty has reported a solid performance in its third-quarter earnings, with revenues growing by 9% year-over-year to reach $119 million. The company's Annual Recurring Revenue (ARR) also rose by 10% to $483 million, marking the fourth consecutive quarter of growth. Despite this, JPMorgan downgraded PagerDuty's stock from Neutral to Underweight due to concerns over the company's multi-product platform strategy amidst a challenging competitive environment.

In addition, 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 development aims to enhance operational automation, connectivity, and resilience. Truist Securities maintained its Buy rating on PagerDuty, suggesting that the company could still improve its growth trajectory despite projecting weaker than expected revenue growth for the fourth quarter.

Lastly, PagerDuty is focusing on multi-year, multi-product deals to reaccelerate growth in FY 2026. These recent developments reflect the company's ongoing efforts to navigate market challenges and seize growth opportunities.

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