PagerDuty, Inc. (NYSE:PD) Receives Consensus Recommendation of “Hold” from Analysts

PagerDuty, Inc. (NYSE:PD) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.09.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada lifted their target price 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.

PagerDuty Stock Performance

Shares of PagerDuty stock opened at $17.70 on Thursday. The business’s 50 day moving average price is $19.48 and its 200 day moving average price is $19.42. The company has a market cap of $1.60 billion, a price-to-earnings 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 one year low of $16.46 and a one year high of $26.70.

Insider Activity

In other news, CEO Jennifer Tejada sold 38,392 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total value of $769,759.60. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,198,001.55. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the transaction, the insider now owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,587 shares of company stock valued at $1,962,070. 7.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of PagerDuty by 285.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after acquiring an additional 936,257 shares in the last quarter. Franklin Resources Inc. boosted its holdings in PagerDuty by 5.4% in the third quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock valued at $614,000 after purchasing an additional 1,701 shares in the last quarter. Geode Capital Management LLC boosted its holdings in PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock valued at $39,915,000 after purchasing an additional 37,147 shares in the last quarter. Aequim Alternative Investments LP increased its stake in PagerDuty by 43.8% in the third quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company’s stock valued at $3,029,000 after purchasing an additional 49,700 shares during the last quarter. Finally, Barclays PLC raised its holdings in PagerDuty by 24.2% during the third quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after purchasing an additional 175,733 shares in the last quarter. Hedge funds and other institutional investors 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.