Avanza Fonder AB Makes New $499,000 Investment in PagerDuty, Inc. (NYSE:PD)

Avanza Fonder AB bought a new position in PagerDuty, Inc. (NYSE:PD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,338 shares of the company's stock, valued at approximately $499,000.

Several other large investors also recently made changes to their positions in the company. Green Alpha Advisors LLC bought a new stake in shares of PagerDuty in the 4th quarter worth $359,000. JPMorgan Chase & Co. grew its holdings in PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock worth $23,444,000 after acquiring an additional 936,257 shares during the period. Franklin Resources Inc. raised its position in PagerDuty by 5.4% in the third quarter. Franklin Resources Inc. now owns 32,915 shares of the company's stock worth $614,000 after acquiring an additional 1,701 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PagerDuty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock valued at $39,915,000 after acquiring an additional 37,147 shares during the last quarter. Finally, Aequim Alternative Investments LP boosted its position in shares of PagerDuty by 43.8% during the 3rd quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company's stock valued at $3,029,000 after purchasing an additional 49,700 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company's stock.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of the business'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 transaction, the insider now directly owns 199,122 shares in the company, valued at $3,622,029.18. The trade was 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 at this hyperlink. Also, CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the transaction, the chief executive officer now owns 907,631 shares of the company's stock, valued at $18,198,001.55. This trade represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,587 shares of company stock valued at $1,962,070. Corporate insiders own 7.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PD shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.09.

PagerDuty Stock Performance

PagerDuty stock traded down $0.39 on Monday, hitting $18.27. The company's stock had a trading volume of 541,451 shares, compared to its average volume of 964,860. The company has a fifty day moving average price of $19.28 and a 200-day moving average price of $19.16. The firm has a market cap of $1.65 billion, a P/E ratio of -22.84 and a beta of 1.13. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $26.60. 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 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.