PagerDuty, Inc. (NYSE:PD) Receives Average Rating of “Hold” from Brokerages

PagerDuty, Inc. (NYSE:PD) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.64.

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

Insider Activity

In related news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The stock was sold at an average price of $18.19, for a total transaction of $143,319.01. Following the transaction, the insider now directly owns 199,122 shares in the company, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Tejada sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the completion of the sale, the chief executive officer now owns 907,631 shares of the company’s stock, valued at approximately $18,261,535.72. The trade was a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,548 shares of company stock valued at $438,199 in the last quarter. 7.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PagerDuty

Large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new stake in shares of PagerDuty in the fourth quarter worth $43,000. Quarry LP boosted its holdings in PagerDuty by 98.3% in the 3rd quarter. Quarry LP now owns 2,792 shares of the company’s stock worth $52,000 after buying an additional 1,384 shares during the period. Picton Mahoney Asset Management purchased a new stake in PagerDuty in the 4th quarter worth $58,000. Fred Alger Management LLC raised its holdings in PagerDuty by 63.7% during the third quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock valued at $76,000 after acquiring an additional 1,594 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PagerDuty in the fourth quarter valued at about $130,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Performance

Shares of NYSE:PD opened at $17.51 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average price of $18.48 and a 200-day moving average price of $18.85. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -21.88 and a beta of 1.13. PagerDuty has a 12 month low of $16.46 and a 12 month high of $25.10.

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.