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

Shares of PagerDuty, Inc. (NYSE:PD) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.09.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th.

PagerDuty Price Performance

PD stock opened at $17.61 on Thursday. PagerDuty has a 52-week low of $16.46 and a 52-week high of $26.70. 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 stock has a market cap of $1.59 billion, a price-to-earnings ratio of -22.01 and a beta of 1.13. The business has a fifty day moving average of $19.44 and a two-hundred day moving average of $19.35.

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total transaction of $251,500.00. Following the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,261,535.72. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shelley Webb sold 7,879 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,587 shares of company stock worth $1,962,070. Corporate insiders own 7.60% of the company’s stock.

Institutional Trading of PagerDuty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. RGM Capital LLC boosted its position in shares of PagerDuty by 1.3% during the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock worth $84,668,000 after purchasing an additional 59,902 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 37,147 shares in the last quarter. JPMorgan Chase & Co. grew its position in PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after buying an additional 936,257 shares during the period. Barclays PLC increased its holdings in PagerDuty by 24.2% in the third quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after buying an additional 175,733 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of PagerDuty by 33.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after acquiring an additional 202,382 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.