PagerDuty (NYSE:PD) Earns “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of PagerDuty (NYSE:PD) in a report published on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $21.00 target price on the stock.

Several other equities analysts have also issued reports on PD. The Goldman Sachs Group cut their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Scotiabank cut their price target on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Craig Hallum decreased their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Royal Bank of Canada lifted 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. Finally, Robert W. Baird decreased their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, PagerDuty currently has an average rating of “Hold” and a consensus target price of $22.09.

PagerDuty Stock Down 0.4 %

NYSE:PD opened at $20.17 on Wednesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $1.82 billion, a PE ratio of -25.23 and a beta of 1.09. The company has a 50-day moving average of $19.39 and a 200 day moving average of $19.63. PagerDuty has a 1-year low of $16.46 and a 1-year high of $26.70.

Insider Activity at PagerDuty

In related news, CEO Jennifer Tejada sold 38,392 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,198,001.55. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Howard Wilson sold 21,066 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the sale, the chief financial officer now directly owns 545,742 shares in the company, valued at approximately $10,925,754.84. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,396 shares of company stock valued at $1,733,561 in the last ninety days. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC increased its holdings in shares of PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake 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 acquiring an additional 202,382 shares in the last quarter. Barclays PLC boosted its stake in shares of PagerDuty by 24.2% during the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after acquiring an additional 175,733 shares in the last quarter. Edgestream Partners L.P. increased its stake 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 purchasing an additional 164,061 shares in the last quarter. Finally, RGM Capital LLC raised its holdings in PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after purchasing an additional 143,701 shares during the period. 97.26% of the stock is currently owned by hedge funds and other 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.