UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in PagerDuty, Inc. (NYSE:PD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PagerDuty, Inc. (NYSE:PD) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,458 shares of the company’s stock after acquiring an additional 3,232 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of PagerDuty worth $4,052,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quarry LP boosted its stake in shares of PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of PagerDuty by 170.6% during the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of PagerDuty during the 2nd quarter valued at about $114,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of PagerDuty during the 2nd quarter valued at about $181,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 0.0 %

PD opened at $20.26 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. The firm has a 50 day moving average price of $19.39 and a 200-day moving average price of $19.63. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -25.33 and a beta of 1.09.

Wall Street Analyst Weigh In

Several research firms recently commented on PD. 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. JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 price objective on shares of PagerDuty in a research note on Wednesday. Bank of America dropped their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Craig Hallum dropped their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Robert W. Baird dropped their price objective on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, PagerDuty has an average rating of “Hold” and a consensus price target of $22.09.

Insider Activity

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shelley Webb sold 6,246 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now directly owns 216,572 shares of the company’s stock, valued at approximately $3,924,284.64. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 over the last three months. Insiders own 7.60% of the company’s stock.

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.