Ieq Capital LLC Has $1.21 Million Stock Holdings in PagerDuty, Inc. (NYSE:PD)

Ieq Capital LLC cut its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,283 shares of the company’s stock after selling 38,590 shares during the period. Ieq Capital LLC owned about 0.07% of PagerDuty worth $1,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AMI Asset Management Corp raised its position in shares of PagerDuty by 154.2% during the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock worth $1,025,000 after acquiring an additional 34,063 shares during the last quarter. Jackson Square Capital LLC bought a new stake in shares of PagerDuty during the third quarter worth approximately $665,000. Glenmede Trust Co. NA lifted its holdings in PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock valued at $13,386,000 after buying an additional 75,771 shares during the period. Geode Capital Management LLC grew its holdings in PagerDuty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after acquiring an additional 37,147 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of PagerDuty in the 3rd quarter worth $444,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Trading Down 0.4 %

Shares of NYSE:PD opened at $18.04 on Tuesday. The company’s 50-day moving average price is $18.60 and its two-hundred day moving average price is $18.87. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $25.10. 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 stock has a market capitalization of $1.63 billion, a PE ratio of -22.54 and a beta of 1.13.

Insider Buying and Selling

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the sale, the chief executive officer now directly owns 868,311 shares of the company’s stock, valued at approximately $17,366,220. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shelley Webb sold 7,879 shares of PagerDuty 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 completion of the transaction, the insider now directly owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,548 shares of company stock worth $438,199. Corporate insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PD. Bank of America lowered PagerDuty from a “buy” rating to an “underperform” rating and cut their target price for the company from $23.00 to $18.00 in a research note on Thursday, January 30th. Royal Bank of Canada boosted 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. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.64.

PagerDuty 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.