PagerDuty, Inc. (NYSE:PD) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,151,314 shares of the company’s stock after purchasing an additional 37,147 shares during the quarter. Geode Capital Management LLC owned approximately 2.31% of PagerDuty worth $39,915,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. RGM Capital LLC increased its stake in shares of PagerDuty by 1.3% in the third 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. Barclays PLC increased 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 purchasing an additional 175,733 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after purchasing an additional 202,382 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of PagerDuty by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock worth $17,789,000 after purchasing an additional 54,841 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock worth $13,386,000 after purchasing an additional 75,771 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Price Performance

Shares of NYSE:PD opened at $18.43 on Wednesday. The firm’s 50 day moving average is $19.54 and its two-hundred day moving average is $19.64. The firm has a market capitalization of $1.66 billion, a P/E ratio of -23.04 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, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70.

Analyst Upgrades and Downgrades

PD has been the topic of a number of research analyst reports. TD Cowen reduced their target price on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Bank of America decreased their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Scotiabank dropped their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group decreased their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group dropped their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.09.

Insider Activity at PagerDuty

In related news, CEO Jennifer Tejada sold 12,500 shares of the 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 owns 907,631 shares in the company, valued at $18,261,535.72. This represents a 1.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total transaction of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares in the company, valued at $1,958,588.94. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,896 shares of company stock worth $1,985,061 in the last three months. 7.60% of the stock is owned by company insiders.

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.