JPMorgan Chase & Co. Has $23.44 Million Position in PagerDuty, Inc. (NYSE:PD)

JPMorgan Chase & Co. increased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 285.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,841 shares of the company’s stock after buying an additional 936,257 shares during the period. JPMorgan Chase & Co. owned about 1.40% of PagerDuty worth $23,444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after acquiring an additional 1,322 shares during the last quarter. Fred Alger Management LLC increased its position in PagerDuty by 170.6% during the 2nd 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 during the period. Headlands Technologies LLC acquired a new stake in PagerDuty during the 2nd quarter valued at approximately $114,000. Point72 DIFC Ltd bought a new position in PagerDuty during the 3rd quarter worth approximately $163,000. Finally, nVerses Capital LLC acquired a new position in shares of PagerDuty in the 3rd quarter worth approximately $176,000. 97.26% of the stock is owned by institutional investors.

PagerDuty Price Performance

PD stock opened at $17.70 on Thursday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The company’s 50-day moving average is $19.48 and its 200-day moving average is $19.42. The stock has a market capitalization of $1.60 billion, a PE ratio of -22.12 and a beta of 1.13. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70.

Insider Buying and Selling

In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction dated Thursday, November 7th. The stock was 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 in the company, valued at approximately $10,925,754.84. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the sale, the insider now directly owns 199,122 shares of the company’s stock, valued at $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,587 shares of company stock valued at $1,962,070. 7.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PD has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.09.

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.