Geode Capital Management LLC Has $39.92 Million Stock Position in PagerDuty, Inc. (NYSE:PD)

Geode Capital Management LLC boosted its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,151,314 shares of the company's stock after acquiring an additional 37,147 shares during the quarter. Geode Capital Management LLC owned 2.31% of PagerDuty worth $39,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PD. Aequim Alternative Investments LP grew its position in PagerDuty by 43.8% in the third quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company's stock valued at $3,029,000 after acquiring an additional 49,700 shares during the period. Barclays PLC grew its holdings in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company's stock worth $16,716,000 after purchasing an additional 175,733 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of PagerDuty during the 3rd quarter worth about $278,000. XTX Topco Ltd bought a new position in PagerDuty during the 3rd quarter valued at about $1,434,000. Finally, Quarry LP boosted its position in PagerDuty by 98.3% in the third quarter. Quarry LP now owns 2,792 shares of the company's stock valued at $52,000 after buying an additional 1,384 shares in the last quarter. Institutional investors own 97.26% of the company's stock.

Wall Street Analysts Forecast Growth

PD has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of PagerDuty from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Bank of America reduced their price objective on PagerDuty from $28.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. TD Cowen cut their price target on PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Canaccord Genuity Group decreased their price objective on shares of PagerDuty from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. Finally, Robert W. Baird lowered their price objective on shares of PagerDuty from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, PagerDuty currently has an average rating of "Hold" and an average price target of $22.09.

Insider Activity

In related news, CEO Jennifer Tejada sold 12,500 shares of PagerDuty stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Howard Wilson sold 21,066 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the sale, the chief financial officer now directly owns 545,742 shares of the company's stock, valued at $10,925,754.84. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,896 shares of company stock valued at $1,985,061 in the last 90 days. 7.60% of the stock is owned by company insiders.

PagerDuty Trading Up 0.2 %

PD stock traded up $0.04 during midday trading on Wednesday, reaching $18.43. The company's stock had a trading volume of 427,311 shares, compared to its average volume of 1,145,448. The business's 50-day simple moving average is $19.54 and its 200-day simple moving average is $19.63. The stock has a market cap of $1.66 billion, a PE ratio of -23.04 and a beta of 1.09. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52.

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.