PagerDuty, Inc. (NYSE:PD) Receives $21.64 Consensus Target Price from Analysts

Shares of PagerDuty, Inc. (NYSE:PD - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.64.

PD has been the subject of a number of analyst reports. Bank of America lowered PagerDuty from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $23.00 to $18.00 in a research report on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th.

PagerDuty Stock Performance

Shares of NYSE:PD traded down $0.18 during trading hours on Monday, hitting $19.02. The stock had a trading volume of 624,788 shares, compared to its average volume of 900,629. The stock's fifty day simple moving average is $19.07 and its 200 day simple moving average is $19.00. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -23.77 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 has a 1-year low of $16.46 and a 1-year high of $25.47.

Insider Buying and Selling at PagerDuty

In related news, CEO Jennifer Tejada sold 1,569 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the completion of the sale, the chief executive officer now owns 868,311 shares in the company, valued at approximately $17,366,220. This represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shelley Webb sold 7,879 shares of the firm'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 transaction, the insider now directly owns 199,122 shares of the company's stock, valued at $3,622,029.18. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,298 shares of company stock valued at $813,949. Corporate insiders own 7.60% of the company's stock.

Hedge Funds Weigh In On PagerDuty

Several institutional investors and hedge funds have recently bought and sold shares of PD. Quarry LP raised its holdings in shares of PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company's stock worth $32,000 after acquiring an additional 1,322 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of PagerDuty during the 4th quarter valued at about $43,000. Fred Alger Management LLC grew its stake in shares of PagerDuty by 63.7% in the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company's stock valued at $76,000 after buying an additional 1,594 shares in the last quarter. Point72 DIFC Ltd acquired a new position in PagerDuty in the third quarter worth approximately $163,000. Finally, nVerses Capital LLC bought a new position in PagerDuty during the third quarter valued at approximately $176,000. Hedge funds and other institutional investors own 97.26% of the company's stock.

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.