PagerDuty, Inc. (NYSE:PD) Position Reduced by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in shares of PagerDuty, Inc. (NYSE:PD) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,055 shares of the company’s stock after selling 803 shares during the quarter. Blue Trust Inc.’s holdings in PagerDuty were worth $202,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. RGM Capital LLC boosted its stake in PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock valued at $84,668,000 after acquiring an additional 59,902 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of PagerDuty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after buying an additional 37,147 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PagerDuty by 285.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after buying an additional 936,257 shares during the last quarter. Barclays PLC lifted its position in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after buying an additional 175,733 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of PagerDuty by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company’s stock worth $15,051,000 after buying an additional 55,233 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Performance

Shares of PD opened at $18.50 on Thursday. The firm’s 50 day moving average is $18.68 and its 200-day moving average is $18.88. The stock has a market capitalization of $1.67 billion, a P/E ratio of -23.12 and a beta of 1.13. 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 12-month low of $16.46 and a 12-month high of $25.10.

Wall Street Analyst Weigh In

PD has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and cut their price objective for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada lifted their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.64.

Insider Transactions at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction dated 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 directly owns 907,631 shares in the company, valued at $18,261,535.72. This trade represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shelley Webb sold 7,879 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total transaction 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. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,548 shares of company stock valued at $438,199 in the last quarter. Insiders own 7.60% of the company’s stock.

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.