PagerDuty, Inc. (NYSE:PD) Insider Shelley Webb Sells 7,879 Shares

PagerDuty, Inc. (NYSE:PD) insider Shelley Webb sold 7,879 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction of $143,319.01. Following the transaction, the insider now owns 199,122 shares in the company, valued at $3,622,029.18. This represents a 3.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

PagerDuty Price Performance

Shares of NYSE PD opened at $17.70 on Thursday. The company has a market capitalization of $1.60 billion, a PE ratio of -22.12 and a beta of 1.13. 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 stock’s 50 day moving average price is $19.46 and its 200-day moving average price is $19.41. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PD. RGM Capital LLC increased its position in shares of PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock valued at $84,668,000 after purchasing an additional 59,902 shares during the last quarter. Geode Capital Management LLC increased its holdings in PagerDuty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after buying an additional 37,147 shares during the last quarter. JPMorgan Chase & Co. raised its position in PagerDuty by 285.8% in the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after acquiring an additional 936,257 shares during the period. Barclays PLC boosted its stake in PagerDuty by 24.2% in the third 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, 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 valued at $14,995,000 after acquiring an additional 202,382 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

PD has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th. Royal Bank of Canada increased their target price on PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.09.

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.