PagerDuty, Inc. (NYSE:PD) Receives Consensus Recommendation of “Hold” from Analysts

PagerDuty, Inc. (NYSE:PD) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.64.

A number of research firms have issued reports on PD. Bank of America cut PagerDuty from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Royal Bank of Canada boosted their target price on PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th.

PagerDuty Stock Up 0.2 %

PagerDuty stock opened at $19.07 on Monday. PagerDuty has a twelve month low of $16.46 and a twelve month high of $25.47. 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 50 day moving average of $18.99 and a 200-day moving average of $18.97. The stock has a market capitalization of $1.72 billion, a PE ratio of -23.84 and a beta of 1.13.

Insider Buying and Selling

In other PagerDuty news, 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 transaction of $143,319.01. Following the transaction, the insider now owns 199,122 shares of the company’s stock, valued at $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Tejada sold 12,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly 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. Over the last three months, insiders have sold 41,298 shares of company stock worth $813,949. Insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

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

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.