PagerDuty, Inc. (NYSE:PD) Given Consensus Rating of “Hold” by Analysts

PagerDuty, Inc. (NYSE:PD) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.09.

PD has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a report on Wednesday. Morgan Stanley dropped their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Canaccord Genuity Group reduced their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Robert W. Baird decreased their target price on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th.

PagerDuty Trading Down 0.4 %

Shares of PD opened at $20.18 on Friday. The company’s fifty day simple moving average is $19.43 and its 200-day simple moving average is $19.64. The company has a market cap of $1.82 billion, a P/E ratio of -25.23 and a beta of 1.09. 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 has a twelve month low of $16.46 and a twelve month high of $26.70.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 38,392 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at approximately $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the transaction, the chief financial officer now directly owns 545,742 shares in the company, valued at approximately $10,925,754.84. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,396 shares of company stock valued at $1,733,561. Company insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently modified their holdings of the business. ARK Investment Management LLC raised its stake in shares of PagerDuty by 12.5% in the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after purchasing an additional 1,180,202 shares during the last quarter. RGM Capital LLC raised its position in PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock worth $84,668,000 after buying an additional 59,902 shares during the last quarter. Geode Capital Management LLC lifted its stake in PagerDuty by 1.8% during 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. Barclays PLC boosted its holdings in shares of PagerDuty by 24.2% in 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. Finally, Loomis Sayles & Co. L P increased its stake in shares of PagerDuty by 33.4% in the third quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after acquiring an additional 202,382 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.