Brokerages Set PagerDuty, Inc. (NYSE:PD) Target Price at $22.09

Shares of PagerDuty, Inc. (NYSE:PD - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.09.

PD has been the topic of several recent analyst reports. TD Cowen cut their price objective on PagerDuty from $23.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Craig Hallum decreased their price objective on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Robert W. Baird cut their target price on shares of PagerDuty from $22.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group decreased their target price on PagerDuty from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Finally, Bank of America dropped their price target on PagerDuty from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th.

Insider Buying and Selling

In other PagerDuty news, CEO Jennifer Tejada sold 38,392 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total transaction of $769,759.60. Following the transaction, the chief executive officer now owns 907,631 shares in the company, valued at $18,198,001.55. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shelley Webb sold 6,246 shares of the company's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now directly owns 216,572 shares of the company's stock, valued at approximately $3,924,284.64. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,396 shares of company stock worth $1,733,561. Insiders own 7.60% of the company's stock.

Institutional Trading of PagerDuty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PD. Quarry LP lifted its stake in shares of PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company's stock valued at $32,000 after buying an additional 1,322 shares during the period. First Horizon Advisors Inc. grew its stake in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company's stock valued at $53,000 after purchasing an additional 508 shares during the period. Fred Alger Management LLC grew its position in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company's stock valued at $57,000 after acquiring an additional 1,578 shares during the period. Headlands Technologies LLC bought a new position in shares of PagerDuty during the second quarter valued at $114,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of PagerDuty in the 3rd quarter valued at $163,000. Institutional investors and hedge funds own 97.26% of the company's stock.

PagerDuty Trading Down 0.4 %

Shares of PagerDuty stock traded down $0.08 on Friday, reaching $20.18. 832,971 shares of the company were exchanged, compared to its average volume of 1,140,811. PagerDuty has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -25.23 and a beta of 1.09. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The stock has a fifty day moving average price of $19.43 and a 200-day moving average price of $19.64.

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.