Shelley Webb Sells 7,879 Shares of PagerDuty, Inc. (NYSE:PD) 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 transaction of $143,319.01. Following the completion of the sale, the insider now owns 199,122 shares of the company’s stock, valued at $3,622,029.18. This trade represents a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PagerDuty Stock Up 1.0 %

PD opened at $17.70 on Friday. 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 stock has a fifty day moving average of $19.46 and a 200-day moving average of $19.40. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The company has a market capitalization of $1.60 billion, a P/E ratio of -22.12 and a beta of 1.13.

Institutional Trading of PagerDuty

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of PagerDuty by 285.8% in the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock valued at $23,444,000 after buying an additional 936,257 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after acquiring an additional 202,382 shares in the last quarter. Barclays PLC lifted 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 acquiring an additional 175,733 shares during the period. Edgestream Partners L.P. grew its holdings in shares of PagerDuty by 297.0% during the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after purchasing an additional 164,061 shares in the last quarter. Finally, RGM Capital LLC increased its position in shares of PagerDuty by 3.3% in the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after purchasing an additional 143,701 shares during the period. Institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PD shares. Royal Bank of Canada raised their price objective on 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. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.09.

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.