UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,232 Shares of PagerDuty, Inc. (NYSE:PD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 218,458 shares of the company’s stock after buying an additional 3,232 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PagerDuty were worth $4,052,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quarry LP lifted its position in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. lifted its position in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares during the last quarter. Fred Alger Management LLC lifted its position in PagerDuty by 170.6% during the second 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 last quarter. Headlands Technologies LLC bought a new position in PagerDuty during the second quarter valued at $114,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of PagerDuty in the second quarter valued at $181,000. Institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 0.0 %

NYSE:PD opened at $20.26 on Friday. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.83 billion, a P/E ratio of -25.33 and a beta of 1.09. 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 company’s 50-day simple moving average is $19.39 and its 200-day simple moving average is $19.63.

Analyst Ratings Changes

PD has been the topic of several recent analyst reports. Craig Hallum reduced 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. Morgan Stanley reduced their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research note on Wednesday. TD Cowen reduced their price target on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Scotiabank reduced their price target on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.09.

Insider Activity

In other PagerDuty news, CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,198,001.55. The trade was a 4.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shelley Webb sold 6,246 shares of PagerDuty 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 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. In the last ninety days, insiders have sold 87,396 shares of company stock worth $1,733,561. Corporate 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.