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

Shares of PagerDuty, Inc. (NYSE:PD) have been given an average rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.09.

Several equities analysts recently weighed in on PD shares. Robert W. Baird cut their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a research report on Wednesday. Scotiabank decreased their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 4th. The Goldman Sachs Group cut their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group reduced their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th.

PagerDuty Trading Down 0.4 %

Shares of PagerDuty stock opened at $20.18 on Friday. The firm has a 50-day simple moving average of $19.43 and a two-hundred day simple moving average of $19.64. 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 company has a market cap of $1.82 billion, a P/E ratio of -25.23 and a beta of 1.09.

Insider Transactions at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at $18,188,925.24. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shelley Webb sold 6,246 shares of PagerDuty stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the transaction, the insider now directly owns 216,572 shares in the company, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 over the last 90 days. 7.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares during the period. First Horizon Advisors Inc. increased its stake in PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after buying an additional 508 shares during the period. Fred Alger Management LLC lifted its holdings in PagerDuty by 170.6% during the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock worth $57,000 after buying an additional 1,578 shares in the last quarter. Headlands Technologies LLC purchased a new position in PagerDuty in the 2nd quarter valued at approximately $114,000. Finally, Canada Pension Plan Investment Board purchased a new position in PagerDuty in the 2nd quarter valued at approximately $181,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.