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

Shares of PagerDuty, Inc. (NYSE:PD) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.09.

A number of equities research analysts have weighed in on PD shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. Royal Bank of Canada upped their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the transaction, the chief financial officer now owns 545,742 shares of the company’s stock, valued at $10,925,754.84. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,587 shares of company stock valued at $1,962,070 over the last ninety days. Corporate insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Hedge funds have recently bought and sold shares of the company. Quarry LP grew its holdings in PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares during the last quarter. Fred Alger Management LLC grew its stake in PagerDuty by 170.6% in the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after acquiring an additional 1,578 shares during the last quarter. Headlands Technologies LLC purchased a new position in PagerDuty during the 2nd quarter valued at about $114,000. Point72 DIFC Ltd acquired a new position in PagerDuty during the third quarter worth about $163,000. Finally, nVerses Capital LLC acquired a new position in PagerDuty during the third quarter worth about $176,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Up 1.0 %

PagerDuty stock opened at $17.70 on Thursday. The company has a market capitalization of $1.60 billion, a P/E ratio of -22.12 and a beta of 1.13. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. PagerDuty has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The stock has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $19.42.

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.