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

Shares of PagerDuty, Inc. (NYSE:PD) have been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. 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 company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.09.

A number of brokerages recently weighed in on PD. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. The Goldman Sachs Group reduced their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Craig Hallum cut their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada boosted their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Scotiabank dropped their price objective on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 4th.

Insider Buying and Selling at PagerDuty

In other news, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the transaction, the chief accounting officer now directly owns 108,449 shares in the company, valued at $1,958,588.94. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total value of $769,759.60. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at approximately $18,198,001.55. The trade was a 4.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,896 shares of company stock worth $1,985,061. 7.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PagerDuty

Several large investors have recently made changes to their positions in PD. Franklin Resources Inc. increased its position in PagerDuty by 5.4% in the third quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock worth $614,000 after purchasing an additional 1,701 shares during the last quarter. Geode Capital Management LLC lifted 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 valued at $39,915,000 after buying an additional 37,147 shares in the last quarter. Aequim Alternative Investments LP grew its stake in PagerDuty by 43.8% in the third quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company’s stock worth $3,029,000 after purchasing an additional 49,700 shares in the last quarter. Barclays PLC lifted its position in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after purchasing an additional 175,733 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of PagerDuty during the third quarter valued at about $278,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Stock Down 0.9 %

NYSE PD opened at $18.49 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 stock’s 50 day moving average is $19.55 and its two-hundred day moving average is $19.65. PagerDuty has a 1-year low of $16.46 and a 1-year high of $26.70. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -23.11 and a beta of 1.09.

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.