AMI Asset Management Corp Has $1.03 Million Stock Position in PagerDuty, Inc. (NYSE:PD)

AMI Asset Management Corp increased its position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 154.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,156 shares of the company's stock after acquiring an additional 34,063 shares during the quarter. AMI Asset Management Corp owned about 0.06% of PagerDuty worth $1,025,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of PagerDuty by 6,298.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company's stock valued at $1,270,000 after acquiring an additional 54,544 shares in the last quarter. Jackson Square Capital LLC bought a new position in PagerDuty in the third quarter valued at approximately $665,000. Glenmede Trust Co. NA increased its position in shares of PagerDuty by 11.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock worth $13,386,000 after purchasing an additional 75,771 shares during the last quarter. Clearline Capital LP bought a new stake in shares of PagerDuty during the 2nd quarter worth approximately $1,323,000. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 37,147 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company's stock.

PagerDuty Stock Performance

Shares of PD stock traded up $0.40 during midday trading on Tuesday, hitting $18.70. 597,834 shares of the company were exchanged, compared to its average volume of 908,216. The firm has a market capitalization of $1.69 billion, a P/E ratio of -23.37 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 52 week low of $16.46 and a 52 week high of $26.60. The firm's 50 day moving average price is $19.28 and its two-hundred day moving average price is $19.16.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. restated an "underweight" rating and set a $21.00 target price on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, PagerDuty has a consensus rating of "Hold" and an average target price of $22.09.

Insider Transactions at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value of $769,759.60. Following the completion of the sale, the chief executive officer now owns 907,631 shares in the company, valued at $18,198,001.55. The trade was a 4.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shelley Webb sold 7,879 shares of the 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 transaction, the insider now owns 199,122 shares in the company, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,587 shares of company stock worth $1,962,070 over the last quarter. Company insiders own 7.60% 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.