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

PagerDuty, Inc. (NYSE:PD) has earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.09.

Several research firms recently weighed in on PD. Royal Bank of Canada increased their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th.

Insider Buying and Selling

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Tejada sold 38,392 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value 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 approximately $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,587 shares of company stock valued at $1,962,070 in the last 90 days. 7.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Natixis Advisors LLC increased its stake in shares of PagerDuty by 172.8% in the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock valued at $911,000 after purchasing an additional 25,170 shares during the last quarter. Rhumbline Advisers boosted its position in shares of PagerDuty by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 138,063 shares of the company’s stock worth $3,166,000 after purchasing an additional 3,888 shares in the last quarter. Arizona State Retirement System raised its position in shares of PagerDuty by 2.8% during the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after purchasing an additional 676 shares during the period. Choreo LLC bought a new position in shares of PagerDuty in the second quarter valued at $414,000. Finally, Headlands Technologies LLC bought a new position in PagerDuty in the 2nd quarter valued at about $114,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Performance

Shares of PD opened at $18.39 on Thursday. PagerDuty has a one year low of $16.46 and a one year high of $26.60. 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 50-day moving average price of $19.38 and a 200 day moving average price of $19.26.

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.