PagerDuty, Inc. (NYSE:PD) reported that Mitra Rezvan, the company's Senior Vice President of Finance and Chief Accounting Officer, has sold a total of 2,942 shares of common stock. The transactions occurred on October 9, 2024, and were disclosed in a recent filing with the Securities and Exchange Commission.
The shares were sold at a weighted average price of $18.06, with the sale prices ranging from $18.00 to $18.13 per share. The total value of the shares sold by Rezvan amounted to approximately $53,132. Following the sale, Rezvan still owns 108,449 shares of PagerDuty, indicating continued investment in the company.
It's important to note that the sales were conducted under a pre-arranged 10b5-1 trading plan, which was adopted on July 10, 2024. Such plans allow company insiders to set up a trading schedule in advance to avoid any accusations of trading on inside information.
PagerDuty, headquartered in San Francisco, California, specializes in prepackaged software services and has been a key player in the technology sector. The company's stock is traded under the ticker symbol PD on the New York Stock Exchange.
Investors and shareholders interested in the specifics of the transactions can request more detailed information from Rezvan regarding the number of shares sold at each price point within the reported range.
The recent sale by a high-ranking executive is a routine disclosure and represents a small portion of Rezvan's total holdings in the company. Investors often monitor such sales for insights into executive sentiment about the company's future prospects, though it is not necessarily indicative of the company's operational performance.
In other recent news, PagerDuty, Inc. has reported its second-quarter performance for fiscal year 2025, with an 8% year-over-year revenue increase to $116 million. The company's non-GAAP operating margin stood at 17%, and the annual recurring revenue (ARR) rose by $11 million, reaching $474 million. This marks the third consecutive quarter of a steady 10% growth rate.
The enterprise segment demonstrated significant growth with a record number of multi-year agreements and an increase in high-value accounts. Despite challenges in the small and medium-sized business (SMB) sector, PagerDuty anticipates exceeding a 10% ARR growth in fiscal year 2025.
For the upcoming third quarter, the company expects a revenue of $115.5 million to $117.5 million, projecting a growth rate of 6% to 8%. Furthermore, PagerDuty projects a full fiscal year revenue range of $463 million to $467 million. However, the company experienced a decrease in total paid customers, primarily due to losses in the SMB segment.
CEO Jennifer Tejada emphasized the competitive advantage of PagerDuty's AI-based platform and proprietary data set, while CFO Howard Wilson addressed the volatility in the SMB market and the stability in the enterprise market. These are recent developments in PagerDuty's business operations.
InvestingPro Insights
To provide additional context to Mitra Rezvan's recent stock sale, let's examine some key financial metrics and insights from InvestingPro for PagerDuty (NYSE:PD).
PagerDuty's market capitalization stands at $1.69 billion, reflecting its significant presence in the prepackaged software services sector. The company's revenue for the last twelve months as of Q2 2025 was $446.94 million, with a notable revenue growth of 10.08% over the same period. This growth trajectory aligns with an InvestingPro Tip indicating that net income is expected to grow this year, potentially signaling improving financial health.
Another InvestingPro Tip highlights PagerDuty's impressive gross profit margins. Indeed, the data shows a gross profit margin of 82.25% for the last twelve months as of Q2 2025, underscoring the company's efficiency in managing costs relative to revenue.
Despite these positive indicators, it's worth noting that PagerDuty is currently trading at a high Price / Book multiple of 10.21. This valuation metric suggests that investors are placing a premium on the company's assets, which could be attributed to growth expectations or market sentiment.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 10 more InvestingPro Tips available for PagerDuty, providing a deeper understanding of the company's financial position and market performance.
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