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

Shares of PagerDuty, Inc. (NYSE:PD) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.64.

PD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Bank of America downgraded PagerDuty from a “buy” rating to an “underperform” rating and reduced their target price for the company from $23.00 to $18.00 in a report on Thursday.

PagerDuty Stock Up 0.6 %

Shares of NYSE PD opened at $18.55 on Monday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -23.19 and a beta of 1.13. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average of $19.19 and a two-hundred day moving average of $19.03. PagerDuty has a 1 year low of $16.46 and a 1 year high of $25.47.

Insiders Place Their Bets

In other news, CEO Jennifer Tejada sold 1,569 shares of the firm’s stock in a transaction on 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 owns 868,311 shares in the company, valued at $17,366,220. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Wilson sold 21,066 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total value of $421,741.32. Following the sale, the chief financial officer now owns 545,742 shares in the company, valued at $10,925,754.84. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,756 shares of company stock valued at $2,005,450. Corporate insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. AMI Asset Management Corp lifted its stake in shares of PagerDuty by 154.2% during the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock worth $1,025,000 after purchasing an additional 34,063 shares in the last quarter. Jackson Square Capital LLC acquired a new position in shares of PagerDuty during the third quarter worth about $665,000. Glenmede Trust Co. NA lifted its stake in shares of PagerDuty by 11.7% during 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. Geode Capital Management LLC lifted its stake in shares of PagerDuty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after purchasing an additional 37,147 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of PagerDuty during the third quarter worth about $444,000. Institutional investors and hedge funds 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.