State Street Corp Has $42.05 Million Holdings in PagerDuty, Inc. (NYSE:PD)

State Street Corp reduced its holdings in PagerDuty, Inc. (NYSE:PD) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,266,942 shares of the company’s stock after selling 20,240 shares during the quarter. State Street Corp owned approximately 2.44% of PagerDuty worth $42,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in shares of PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after acquiring an additional 1,322 shares during the period. Fred Alger Management LLC lifted its holdings in shares of PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of PagerDuty in the 2nd quarter worth $114,000. Point72 DIFC Ltd purchased a new position in shares of PagerDuty in the 3rd quarter worth approximately $163,000. Finally, nVerses Capital LLC purchased a new stake in shares of PagerDuty during the 3rd quarter valued at $176,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Price Performance

PD opened at $18.49 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The stock’s 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.64. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -23.11 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PD shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. The Goldman Sachs Group reduced their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley lowered their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Scotiabank reduced their price objective on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group lowered their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.09.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 12,500 shares of the 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 sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,261,535.72. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shelley Webb sold 6,246 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the sale, 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 99,896 shares of company stock worth $1,985,061 in the last three months. 7.60% of the stock is owned by insiders.

PagerDuty 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.