State Street Corp Sells 20,240 Shares of PagerDuty, Inc. (NYSE:PD)

State Street Corp trimmed its position in shares of PagerDuty, Inc. (NYSE:PD) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,266,942 shares of the company’s stock after selling 20,240 shares during the quarter. State Street Corp’s holdings in PagerDuty were worth $42,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of PagerDuty by 6,298.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock worth $1,270,000 after buying an additional 54,544 shares in the last quarter. Jackson Square Capital LLC purchased a new stake in PagerDuty in the 3rd quarter valued at about $665,000. Glenmede Trust Co. NA increased 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 valued at $13,386,000 after buying an additional 75,771 shares during the period. Clearline Capital LP purchased a new stake in PagerDuty during the second quarter worth $1,323,000. Finally, Natixis Advisors LLC grew its position in shares of PagerDuty by 172.8% in the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock worth $911,000 after buying an additional 25,170 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

Insider Transactions at PagerDuty

In other news, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction that occurred on 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 directly owns 108,449 shares in the company, valued at approximately $1,958,588.94. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shelley Webb sold 6,246 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the completion of the transaction, the insider now directly owns 216,572 shares of the company’s stock, valued at approximately $3,924,284.64. The trade was a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,896 shares of company stock valued at $1,985,061 over the last quarter. Company insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Craig Hallum dropped their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America decreased their price objective on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley decreased their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. TD Cowen lowered their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group dropped their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.09.

PagerDuty Stock Performance

PD opened at $18.49 on Friday. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. 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 price of $19.55 and a two-hundred day moving average price of $19.64. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -23.11 and a beta of 1.09.

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.