PagerDuty, Inc. (NYSE:PD) Insider Shelley Webb Sells 7,879 Shares of Stock

PagerDuty, Inc. (NYSE:PD) insider Shelley Webb sold 7,879 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the sale, the insider now directly owns 199,122 shares in the company, valued at $3,622,029.18. This trade represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PagerDuty Stock Performance

Shares of PagerDuty stock opened at $17.70 on Thursday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -22.12 and a beta of 1.13. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company’s fifty day moving average is $19.46 and its 200 day moving average is $19.41.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PD. Royal Bank of Canada increased their target price on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, PagerDuty currently has an average rating of “Hold” and a consensus price target of $22.09.

Institutional Investors Weigh In On PagerDuty

Several institutional investors and hedge funds have recently made changes to their positions in PD. RGM Capital LLC lifted its holdings in PagerDuty by 1.3% in the third quarter. RGM Capital LLC now owns 4,564,296 shares of the company’s stock valued at $84,668,000 after buying an additional 59,902 shares during the period. Geode Capital Management LLC raised its position in shares of PagerDuty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after acquiring an additional 37,147 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PagerDuty by 285.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock valued at $23,444,000 after purchasing an additional 936,257 shares during the period. Barclays PLC boosted its position in shares of PagerDuty by 24.2% during the 3rd 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 in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in PagerDuty by 33.4% during the third quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after purchasing an additional 202,382 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.