PagerDuty, Inc. (NYSE:PD) Receives $22.09 Consensus Price Target from Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.09.

Several equities research analysts have issued reports on PD shares. Morgan Stanley lowered their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Craig Hallum lowered their target price 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. The Goldman Sachs Group cut their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird decreased their price objective on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a report on Wednesday, December 11th.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shelley Webb sold 6,246 shares of the 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 in the company, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,896 shares of company stock worth $1,985,061. 7.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP lifted its holdings in PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares during the period. First Horizon Advisors Inc. raised its position 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 acquiring an additional 508 shares during the last quarter. Fred Alger Management LLC lifted its stake in shares of PagerDuty by 170.6% in 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 during the period. Headlands Technologies LLC bought a new position in shares of PagerDuty in the 2nd quarter worth $114,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of PagerDuty during the second quarter worth $181,000. Institutional investors own 97.26% of the company’s stock.

PagerDuty Trading Down 3.0 %

PagerDuty stock opened at $19.61 on Friday. The business has a 50 day moving average price of $19.48 and a two-hundred day moving average price of $19.65. 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 has a 12 month low of $16.46 and a 12 month high of $26.70. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -25.26 and a beta of 1.09.

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.