PagerDuty, Inc. (NYSE:PD) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in PagerDuty, Inc. (NYSE:PD) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 905,337 shares of the company’s stock after purchasing an additional 100,207 shares during the quarter. Bank of New York Mellon Corp owned about 1.00% of PagerDuty worth $16,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PD. AMI Asset Management Corp raised its stake in shares of PagerDuty by 154.2% in the 4th quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock valued at $1,025,000 after acquiring an additional 34,063 shares during the period. Glenmede Trust Co. NA raised its stake in shares of PagerDuty by 11.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock valued at $13,386,000 after acquiring an additional 75,771 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $39,915,000 after acquiring an additional 37,147 shares during the period. Intech Investment Management LLC purchased a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $444,000. Finally, Franklin Resources Inc. raised its stake in shares of PagerDuty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock valued at $614,000 after acquiring an additional 1,701 shares during the period. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Shelley Webb sold 7,879 shares of the company’s 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 in the company, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer Tejada sold 1,569 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the completion of the transaction, the chief executive officer now owns 868,311 shares of the company’s stock, valued at approximately $17,366,220. The trade was a 0.18 % 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 90 days. Corporate insiders own 7.60% of the company’s stock.

PagerDuty Trading Down 2.6 %

NYSE PD opened at $16.46 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a 52 week low of $16.35 and a 52 week high of $24.05. The stock has a market capitalization of $1.48 billion, a PE ratio of -20.57 and a beta of 1.12. The firm has a 50 day moving average of $18.33 and a two-hundred day moving average of $18.74.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PD. Royal Bank of Canada upped 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. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and cut their target price for the stock from $23.00 to $18.00 in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 target price 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, PagerDuty currently has a consensus rating of “Hold” and an average price target of $21.64.

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.