FNY Investment Advisers LLC Sells 8,793 Shares of PagerDuty, Inc. (NYSE:PD)

FNY Investment Advisers LLC decreased its stake in PagerDuty, Inc. (NYSE:PD) by 69.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,797 shares of the company’s stock after selling 8,793 shares during the period. FNY Investment Advisers LLC’s holdings in PagerDuty were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PD. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of PagerDuty by 6,298.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock valued at $1,270,000 after acquiring an additional 54,544 shares in the last quarter. Jackson Square Capital LLC acquired a new stake in shares of PagerDuty during the third quarter valued at about $665,000. Glenmede Trust Co. NA grew its holdings 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 worth $13,386,000 after purchasing an additional 75,771 shares during the last quarter. Clearline Capital LP acquired a new position in shares of PagerDuty in the second quarter valued at approximately $1,323,000. Finally, Geode Capital Management LLC increased its stake in shares of PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock valued at $39,915,000 after buying an additional 37,147 shares during the period. Institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

Shares of PD opened at $18.39 on Thursday. The firm has a market cap of $1.66 billion, a PE ratio of -22.99 and a beta of 1.13. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.60. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. The business’s 50 day moving average price is $19.38 and its two-hundred day moving average price is $19.26.

Wall Street Analysts Forecast Growth

PD has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $21.00 price objective on shares of PagerDuty in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.09.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the completion of the sale, the chief executive officer now owns 907,631 shares of the company’s stock, valued at approximately $18,261,535.72. This trade represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was 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. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,587 shares of company stock worth $1,962,070 in the last quarter. Company 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.