PagerDuty, Inc. (NYSE:PD) Given Consensus Rating of “Hold” by Analysts

PagerDuty, Inc. (NYSE:PD) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.64.

Several analysts recently commented on PD shares. Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Royal Bank of Canada lifted their target price on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, 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.

Insiders Place Their Bets

In other news, insider Shelley Webb sold 7,879 shares of the firm’s 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 owns 199,122 shares in the company, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.12, for a total transaction of $251,500.00. Following the completion of the sale, the chief executive officer now owns 907,631 shares in the company, valued at $18,261,535.72. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,548 shares of company stock valued at $438,199 over the last three months. 7.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PagerDuty by 1.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company’s stock worth $930,000 after purchasing an additional 586 shares during the period. Alliancebernstein L.P. raised its holdings in shares of PagerDuty by 0.7% in the 4th quarter. Alliancebernstein L.P. now owns 92,621 shares of the company’s stock worth $1,691,000 after buying an additional 674 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of PagerDuty by 1.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 58,377 shares of the company’s stock worth $1,083,000 after buying an additional 819 shares during the period. Quarry LP lifted its position in shares of PagerDuty by 98.3% during 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. Finally, Fred Alger Management LLC boosted its stake in PagerDuty by 63.7% in the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock valued at $76,000 after buying an additional 1,594 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

PagerDuty Trading Down 2.5 %

Shares of NYSE PD opened at $17.26 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. PagerDuty has a one year low of $16.46 and a one year high of $25.10. The business has a 50-day moving average price of $18.39 and a two-hundred day moving average price of $18.80. The firm has a market capitalization of $1.56 billion, a PE ratio of -21.57 and a beta of 1.12.

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.