PagerDuty, Inc. (NYSE:PD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of PagerDuty, Inc. (NYSE:PD) by 77.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,410 shares of the company’s stock after selling 21,893 shares during the quarter. SG Americas Securities LLC’s holdings in PagerDuty were worth $117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP lifted its holdings in shares of PagerDuty by 98.3% in the 3rd quarter. Quarry LP now owns 2,792 shares of the company’s stock valued at $52,000 after buying an additional 1,384 shares during the period. Fred Alger Management LLC lifted its holdings in shares of PagerDuty by 63.7% in the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock valued at $76,000 after buying an additional 1,594 shares during the period. Point72 DIFC Ltd acquired a new position in shares of PagerDuty in the 3rd quarter valued at about $163,000. nVerses Capital LLC acquired a new position in shares of PagerDuty in the 3rd quarter valued at about $176,000. Finally, Blue Trust Inc. lifted its holdings in shares of PagerDuty by 33.7% in the 3rd quarter. Blue Trust Inc. now owns 11,858 shares of the company’s stock valued at $220,000 after buying an additional 2,986 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Price Performance

NYSE:PD opened at $18.79 on Wednesday. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $25.47. The stock has a 50 day moving average of $18.94 and a two-hundred day moving average of $18.95. 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 has a market cap of $1.69 billion, a P/E ratio of -23.48 and a beta of 1.13.

Insiders Place Their Bets

In related news, insider Shelley Webb sold 7,879 shares of the company’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 transaction, the insider now directly owns 199,122 shares in the company, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Tejada sold 12,500 shares of the company’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 value of $251,500.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,548 shares of company stock worth $438,199. Corporate insiders own 7.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PD shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada upped their price target on PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Bank of America cut PagerDuty from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.64.

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.