PagerDuty, Inc. (NYSE:PD) Given Average Rating of “Hold” by Analysts

PagerDuty, Inc. (NYSE:PD) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.09.

Several analysts have commented on PD shares. Royal Bank of Canada increased their target price on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th.

PagerDuty Stock Performance

Shares of PD opened at $17.74 on Thursday. The business’s fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $19.30. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty has a 12 month low of $16.46 and a 12 month high of $26.60. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -22.17 and a beta of 1.13.

Insider Buying and Selling

In related news, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the transaction, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at approximately $18,261,535.72. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shelley Webb sold 7,879 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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 directly owns 199,122 shares in the company, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,587 shares of company stock valued at $1,962,070. 7.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently bought and sold shares of PD. JPMorgan Chase & Co. raised its holdings in PagerDuty by 285.8% during 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 period. Loomis Sayles & Co. L P raised its holdings in PagerDuty by 33.4% during the third 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. Barclays PLC grew its position in shares of PagerDuty by 24.2% during the third 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 in the last quarter. Edgestream Partners L.P. grew its position in shares of PagerDuty by 297.0% during the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after purchasing an additional 164,061 shares in the last quarter. Finally, RGM Capital LLC grew its position in shares of PagerDuty by 3.3% during the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after purchasing an additional 143,701 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

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.