PagerDuty, Inc. (NYSE:PD) Receives $21.64 Average PT from Brokerages

PagerDuty, Inc. (NYSE:PD) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $21.64.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target 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. Finally, Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $23.00 to $18.00 in a research note on Thursday, January 30th.

PagerDuty Stock Performance

NYSE:PD opened at $19.07 on Monday. PagerDuty has a twelve month low of $16.46 and a twelve month high of $25.47. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -23.84 and a beta of 1.13. 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 firm’s fifty day simple moving average is $19.03 and its 200 day simple moving average is $19.00.

Insider Transactions at PagerDuty

In other news, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction that occurred 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 owns 199,122 shares in the company, valued at $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Tejada sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total transaction of $251,500.00. Following 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,298 shares of company stock valued at $813,949. Company insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in PagerDuty by 285.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock valued at $23,444,000 after buying an additional 936,257 shares during the period. Raymond James Financial Inc. acquired a new position in PagerDuty in the 4th quarter valued at approximately $6,574,000. Loomis Sayles & Co. L P increased its stake in PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after buying an additional 202,382 shares during the period. Barclays PLC increased its stake in PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after buying an additional 175,733 shares during the period. Finally, Edgestream Partners L.P. increased its stake in PagerDuty by 297.0% in the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after buying an additional 164,061 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.