Oppenheimer & Co. Inc. Lowers Stock Holdings in PagerDuty, Inc. (NYSE:PD)

Oppenheimer & Co. Inc. reduced its position in PagerDuty, Inc. (NYSE:PD) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,305 shares of the company’s stock after selling 3,345 shares during the period. Oppenheimer & Co. Inc.’s holdings in PagerDuty were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PD. Quest Partners LLC acquired a new position in shares of PagerDuty during the 3rd quarter valued at $845,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of PagerDuty by 4.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 489,905 shares of the company’s stock valued at $9,088,000 after acquiring an additional 21,126 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of PagerDuty during the 3rd quarter valued at $444,000. Algert Global LLC lifted its holdings in shares of PagerDuty by 98.9% during the 3rd quarter. Algert Global LLC now owns 67,856 shares of the company’s stock valued at $1,259,000 after acquiring an additional 33,740 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in PagerDuty in the 3rd quarter worth $1,645,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PagerDuty

In related news, CEO Jennifer Tejada sold 1,569 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 868,311 shares of the company’s stock, valued at $17,366,220. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction of $143,319.01. Following the sale, the insider now directly owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,548 shares of company stock valued at $438,199 in the last quarter. Insiders own 7.60% of the company’s stock.

PagerDuty Price Performance

Shares of NYSE:PD opened at $17.53 on Friday. 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 fifty-two week low of $16.46 and a fifty-two week high of $25.10. The firm has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $18.79. The company has a market cap of $1.58 billion, a PE ratio of -21.91 and a beta of 1.12.

Analyst Upgrades and Downgrades

PD has been the topic of a number of recent analyst reports. Bank of America lowered shares of PagerDuty from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their target price on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two investment 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’s stock. Based on data from MarketBeat, PagerDuty has a consensus rating of “Hold” and an average price target of $21.64.

PagerDuty 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.