PagerDuty, Inc. (NYSE:PD) Given Consensus Rating of “Hold” by Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.64.

Several analysts recently weighed in on PD shares. Royal Bank of Canada boosted their price objective on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Bank of America lowered PagerDuty from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $23.00 to $18.00 in a report on Thursday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th.

PagerDuty Stock Up 0.6 %

Shares of PagerDuty stock opened at $18.55 on Monday. 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 firm has a market cap of $1.67 billion, a P/E ratio of -23.19 and a beta of 1.13. PagerDuty has a fifty-two week low of $16.46 and a fifty-two week high of $25.47. The business has a 50-day moving average price of $19.19 and a 200 day moving average price of $19.03.

Insider Buying and Selling at PagerDuty

In other news, CEO Jennifer Tejada sold 12,500 shares of the business’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 transaction of $251,500.00. Following the completion of the transaction, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,261,535.72. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,756 shares of company stock worth $2,005,450 over the last ninety days. Company insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in PagerDuty in the fourth quarter worth approximately $43,000. Allspring Global Investments Holdings LLC lifted its position in PagerDuty by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company’s stock worth $15,051,000 after purchasing an additional 55,233 shares during the period. Blue Trust Inc. lifted its position in PagerDuty by 24.8% in the fourth quarter. Blue Trust Inc. now owns 14,796 shares of the company’s stock worth $274,000 after purchasing an additional 2,938 shares during the period. AMI Asset Management Corp lifted its position in PagerDuty by 154.2% in the fourth 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. Finally, Avanza Fonder AB bought a new position in shares of PagerDuty in the fourth quarter valued at $499,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Company 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.