Brokerages Set PagerDuty, Inc. (NYSE:PD) PT at $21.64

Shares of PagerDuty, Inc. (NYSE:PD) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.64.

PD has been the topic of a number of analyst reports. Bank of America cut PagerDuty from a “buy” rating to an “underperform” rating and lowered their price target for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th.

Insider Activity

In related news, insider Shelley Webb sold 7,879 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the transaction, the insider now owns 199,122 shares in the company, valued at $3,622,029.18. This trade represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at $18,188,925.24. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,298 shares of company stock valued at $813,949 over the last three months. 7.60% of the stock is owned by insiders.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of PagerDuty by 285.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after purchasing an additional 936,257 shares during the last quarter. Raymond James Financial Inc. bought a new position in PagerDuty during the fourth quarter worth about $6,574,000. Loomis Sayles & Co. L P grew its position in shares of 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 buying an additional 202,382 shares during the period. Barclays PLC increased its stake in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after acquiring an additional 175,733 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of PagerDuty by 297.0% in the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after acquiring an additional 164,061 shares during the period. 97.26% of the stock is owned by institutional investors.

PagerDuty Stock Up 0.2 %

Shares of PD opened at $19.07 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average price of $18.99 and a two-hundred day moving average price of $18.97. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -23.84 and a beta of 1.13. PagerDuty has a 12 month low of $16.46 and a 12 month high of $25.47.

PagerDuty Company Profile

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.