PagerDuty, Inc. (NYSE:PD) Receives $21.64 Average PT from Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have been given an average rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.64.

Several analysts recently issued reports on the stock. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th.

PagerDuty Stock Performance

PD stock opened at $19.07 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 company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -23.84 and a beta of 1.13. PagerDuty has a 12 month low of $16.46 and a 12 month high of $25.47. The firm has a 50 day moving average of $19.03 and a two-hundred day moving average of $19.00.

Insider Activity

In other news, CEO Jennifer Tejada sold 12,500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total value of $251,500.00. Following the completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at approximately $18,261,535.72. This represents a 1.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shelley Webb sold 7,879 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction of $143,319.01. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,298 shares of company stock worth $813,949. 7.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently made changes to their positions in the company. Quarry LP increased its position in shares of PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after purchasing an additional 1,322 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in PagerDuty during the 4th quarter worth about $43,000. Fred Alger Management LLC grew its holdings in PagerDuty by 63.7% during the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock worth $76,000 after acquiring an additional 1,594 shares during the last quarter. Point72 DIFC Ltd bought a new stake in PagerDuty during the 3rd quarter worth about $163,000. Finally, nVerses Capital LLC bought a new position in shares of PagerDuty in the 3rd quarter valued at about $176,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.