Insider Selling: PagerDuty, Inc. (NYSE:PD) Insider Sells 7,879 Shares of Stock

PagerDuty, Inc. (NYSE:PD) insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the transaction, the insider now owns 199,122 shares in the company, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

PagerDuty Trading Up 1.0 %

PD opened at $17.70 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The company’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $19.40. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -22.12 and a beta of 1.13.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. Royal Bank of Canada raised their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.09.

Institutional Trading of PagerDuty

Several institutional investors have recently modified their holdings of PD. RGM Capital LLC lifted its holdings in PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock worth $84,668,000 after buying an additional 59,902 shares during the period. Geode Capital Management LLC lifted its stake in shares of PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after acquiring an additional 37,147 shares during the period. JPMorgan Chase & Co. boosted its holdings in PagerDuty by 285.8% in the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock valued at $23,444,000 after acquiring an additional 936,257 shares during the last quarter. Barclays PLC increased its position in PagerDuty by 24.2% during the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after purchasing an additional 175,733 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in PagerDuty by 33.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after purchasing an additional 202,382 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.