Handelsbanken Fonder AB Buys 2,100 Shares of PagerDuty, Inc. (NYSE:PD)

Handelsbanken Fonder AB raised its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Handelsbanken Fonder AB’s holdings in PagerDuty were worth $347,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PD. Venturi Wealth Management LLC purchased a new position in shares of PagerDuty in the fourth quarter worth about $43,000. Quarry LP increased its holdings in shares of PagerDuty by 98.3% during the 3rd quarter. Quarry LP now owns 2,792 shares of the company’s stock valued at $52,000 after purchasing an additional 1,384 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of PagerDuty by 63.7% during the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock valued at $76,000 after purchasing an additional 1,594 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of PagerDuty in the 3rd quarter valued at $163,000. Finally, Blue Trust Inc. boosted its holdings in PagerDuty by 24.8% during the fourth quarter. Blue Trust Inc. now owns 14,796 shares of the company’s stock worth $274,000 after buying an additional 2,938 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Insider Transactions at PagerDuty

In other news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction 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 completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Tejada sold 1,569 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total transaction of $31,380.00. Following the sale, the chief executive officer now directly owns 868,311 shares in the company, valued at $17,366,220. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,548 shares of company stock worth $438,199 in the last quarter. Company insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PD. Bank of America cut 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 report on Thursday, January 30th. Royal Bank of Canada raised their target price on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th. Two research 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.com, PagerDuty presently has a consensus rating of “Hold” and a consensus target price of $21.64.

PagerDuty Stock Performance

Shares of PagerDuty stock opened at $17.36 on Tuesday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. The business’s 50 day moving average price is $18.45 and its 200 day moving average price is $18.83. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -21.70 and a beta of 1.13. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $25.10.

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.