PagerDuty, Inc. (NYSE:PD) Stake Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in PagerDuty, Inc. (NYSE:PD - Free Report) by 285.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,263,841 shares of the company's stock after acquiring an additional 936,257 shares during the quarter. JPMorgan Chase & Co. owned 1.40% of PagerDuty worth $23,444,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of PagerDuty by 5.4% during 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 during the last quarter. Geode Capital Management LLC grew its stake in PagerDuty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock valued at $39,915,000 after purchasing an additional 37,147 shares in the last quarter. Aequim Alternative Investments LP increased its holdings in PagerDuty by 43.8% during the 3rd quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company's stock worth $3,029,000 after purchasing an additional 49,700 shares during the last quarter. Barclays PLC raised its position in shares of PagerDuty by 24.2% in 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, Y Intercept Hong Kong Ltd purchased a new position in shares of PagerDuty during the 3rd quarter valued at approximately $278,000. Hedge funds and other institutional investors own 97.26% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on PD shares. Royal Bank of Canada upped their price objective on PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. restated an "underweight" rating and set a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.09.

PagerDuty Stock Performance

Shares of PD traded up $0.18 during midday trading on Thursday, hitting $17.70. 806,275 shares of the stock traded hands, compared to its average volume of 1,051,395. The business's 50 day moving average price is $19.46 and its two-hundred day moving average price is $19.40. The firm has a market capitalization of $1.60 billion, a PE ratio of -22.12 and a beta of 1.13. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 38,392 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,198,001.55. The trade was a 4.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shelley Webb sold 7,879 shares of the company'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 completion of the sale, the insider now directly owns 199,122 shares of the company's stock, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,587 shares of company stock worth $1,962,070 in the last ninety days. 7.60% of the stock is owned by insiders.

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.