PagerDuty, Inc. (NYSE:PD) Receives Average Rating of "Hold" from Analysts

Shares of PagerDuty, Inc. (NYSE:PD - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.64.

Several research firms have recently issued reports on PD. Royal Bank of Canada lifted their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and reduced their price target for the company from $23.00 to $18.00 in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th.

PagerDuty Price Performance

Shares of NYSE:PD traded down $0.33 during trading on Friday, hitting $17.39. 457,032 shares of the company's stock were exchanged, compared to its average volume of 887,171. The business's 50-day simple moving average is $18.47 and its 200 day simple moving average is $18.85. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty has a 52-week low of $16.46 and a 52-week high of $25.10. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -21.75 and a beta of 1.13.

Remove Ads

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 12,500 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.12, for a total value of $251,500.00. Following the transaction, the chief executive officer now owns 907,631 shares of the company's stock, valued at $18,261,535.72. This trade represents a 1.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 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 trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,548 shares of company stock worth $438,199. 7.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. RGM Capital LLC grew its stake 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 purchasing an additional 59,902 shares during the last quarter. Janus Henderson Group PLC boosted its stake in PagerDuty by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock valued at $55,817,000 after acquiring an additional 61,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock worth $39,915,000 after purchasing an additional 37,147 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 936,257 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of PagerDuty by 2.0% during the 4th quarter. Barclays PLC now owns 918,762 shares of the company's stock valued at $16,777,000 after purchasing an additional 17,642 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

About PagerDuty

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.