Stifel Financial Corp Sells 2,928 Shares of PagerDuty, Inc. (NYSE:PD)

Stifel Financial Corp lessened its holdings in PagerDuty, Inc. (NYSE:PD) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,218 shares of the company’s stock after selling 2,928 shares during the quarter. Stifel Financial Corp’s holdings in PagerDuty were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its stake in PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of PagerDuty by 170.6% in the 2nd 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of PagerDuty during the 2nd quarter valued at approximately $114,000. Point72 DIFC Ltd acquired a new position in PagerDuty during the 3rd quarter worth approximately $163,000. Finally, nVerses Capital LLC bought a new position in PagerDuty in the 3rd quarter valued at approximately $176,000. Institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group lowered their price target 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. Bank of America cut their price target on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Scotiabank lowered their price objective on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. TD Cowen cut their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.09.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the transaction, the insider now directly owns 216,572 shares of the company’s stock, valued at approximately $3,924,284.64. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,958,588.94. The trade was a 2.64 % 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 in the last quarter. 7.60% of the stock is currently owned by company insiders.

PagerDuty Trading Down 2.7 %

NYSE PD opened at $17.83 on Monday. The stock has a market capitalization of $1.61 billion, a P/E ratio of -22.29 and a beta of 1.09. The business has a 50 day simple moving average of $19.50 and a 200 day simple moving average of $19.58. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $26.70.

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.