Venturi Wealth Management LLC Makes New Investment in PagerDuty, Inc. (NYSE:PD)

Venturi Wealth Management LLC purchased a new position in PagerDuty, Inc. (NYSE:PD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,339 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors have also 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 valued at $23,444,000 after acquiring an additional 936,257 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of PagerDuty by 33.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after acquiring an additional 202,382 shares during the last quarter. Barclays PLC boosted its position in shares of PagerDuty by 24.2% during the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after acquiring an additional 175,733 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of PagerDuty by 297.0% during the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock valued at $4,068,000 after acquiring an additional 164,061 shares during the last quarter. Finally, Firsthand Capital Management Inc. boosted its position in shares of PagerDuty by 8,900.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the company’s stock valued at $1,670,000 after acquiring an additional 89,000 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price target on 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. reiterated an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th. Finally, Bank of America lowered PagerDuty from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $23.00 to $18.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, PagerDuty currently has an average rating of “Hold” and a consensus target price of $21.64.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 12,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the sale, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,261,535.72. This trade represents a 1.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $143,319.01. Following the sale, the insider now directly owns 199,122 shares in the company, valued at $3,622,029.18. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,548 shares of company stock worth $438,199 in the last three months. 7.60% of the stock is owned by company insiders.

PagerDuty Stock Performance

NYSE PD opened at $18.01 on Wednesday. The stock has a market cap of $1.62 billion, a PE ratio of -22.51 and a beta of 1.13. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $25.10. The stock has a fifty day simple moving average of $18.56 and a 200-day simple moving average of $18.87.

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.