PagerDuty, Inc. (NYSE:PD) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its position in PagerDuty, Inc. (NYSE:PD) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,480 shares of the company’s stock after selling 4,391 shares during the period. Alberta Investment Management Corp’s holdings in PagerDuty were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in PagerDuty in the fourth quarter valued at about $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 valued at $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 valued at $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 valued at $1,025,000 after purchasing an additional 34,063 shares during the period. Finally, Avanza Fonder AB acquired a new stake in PagerDuty in the fourth quarter valued at about $499,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. 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. Finally, Bank of America downgraded PagerDuty from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $23.00 to $18.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and an average target price of $21.64.

PagerDuty Trading Down 1.2 %

Shares of PD opened at $18.08 on Friday. The stock has a fifty day moving average of $18.60 and a two-hundred day moving average of $18.87. 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 has a market capitalization of $1.63 billion, a PE ratio of -22.60 and a beta of 1.13. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $25.10.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 199,122 shares in the company, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Tejada sold 12,500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.12, for a total value of $251,500.00. Following the sale, the chief executive officer now owns 907,631 shares of the company’s stock, valued at approximately $18,261,535.72. The trade was a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,548 shares of company stock worth $438,199. 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.