Analysts Set PagerDuty, Inc. (NYSE:PD) PT at $22.09

PagerDuty, Inc. (NYSE:PD) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.09.

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

Insider Buying and Selling

In other news, insider Shelley Webb sold 7,879 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Howard Wilson sold 21,066 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the sale, the chief financial officer now directly owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,587 shares of company stock valued at $1,962,070. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently modified their holdings of the stock. RGM Capital LLC lifted its position in 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 acquiring an additional 59,902 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of PagerDuty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock valued at $39,915,000 after purchasing an additional 37,147 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 936,257 shares in the last quarter. Barclays PLC boosted its stake in shares of 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 purchasing an additional 175,733 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in 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 purchasing an additional 202,382 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Price Performance

PagerDuty stock opened at $17.61 on Thursday. The firm has a market capitalization of $1.59 billion, a PE ratio of -22.01 and a beta of 1.13. PagerDuty has a 52 week low of $16.46 and a 52 week high of $26.70. The firm’s 50-day simple moving average is $19.44 and its 200 day simple moving average is $19.35. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52.

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.