Blue Trust Inc. Acquires 2,938 Shares of PagerDuty, Inc. (NYSE:PD)

Blue Trust Inc. lifted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,796 shares of the company’s stock after purchasing an additional 2,938 shares during the period. Blue Trust Inc.’s holdings in PagerDuty were worth $274,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. AMI Asset Management Corp lifted its position in shares of PagerDuty by 154.2% in the 4th quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock worth $1,025,000 after purchasing an additional 34,063 shares during the period. Avanza Fonder AB bought a new stake in PagerDuty during the 4th quarter valued at approximately $499,000. Green Alpha Advisors LLC bought a new position in PagerDuty during the fourth quarter valued at approximately $359,000. JPMorgan Chase & Co. grew its position in PagerDuty by 285.8% in the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after acquiring an additional 936,257 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in PagerDuty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock worth $614,000 after purchasing an additional 1,701 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

PD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. 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 research note on Wednesday, November 27th. Finally, Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $23.00 to $18.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.64.

Insider Buying and Selling

In related news, CEO Jennifer Tejada sold 1,569 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the sale, the chief executive officer now owns 868,311 shares of the company’s stock, valued at $17,366,220. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares in the company, valued at $10,925,754.84. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,756 shares of company stock worth $2,005,450. Company insiders own 7.60% of the company’s stock.

PagerDuty Trading Up 0.6 %

Shares of NYSE PD opened at $18.55 on Monday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -23.19 and a beta of 1.13. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $25.47. 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 company’s fifty day moving average is $19.19 and its 200-day moving average is $19.03.

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.