Barclays PLC Acquires 175,733 Shares of PagerDuty, Inc. (NYSE:PD)

Barclays PLC raised its stake in PagerDuty, Inc. (NYSE:PD - Free Report) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 901,120 shares of the company's stock after acquiring an additional 175,733 shares during the quarter. Barclays PLC owned about 0.97% of PagerDuty worth $16,716,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company's stock worth $53,000 after buying an additional 508 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of PagerDuty by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company's stock worth $2,826,000 after purchasing an additional 542 shares in the last quarter. Arizona State Retirement System increased its position in shares of PagerDuty by 2.8% in the second quarter. Arizona State Retirement System now owns 24,667 shares of the company's stock worth $566,000 after purchasing an additional 676 shares during the period. Point72 Asset Management L.P. raised its stake in PagerDuty by 1.4% in the third quarter. Point72 Asset Management L.P. now owns 58,377 shares of the company's stock valued at $1,083,000 after purchasing an additional 819 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in PagerDuty by 5.1% in the second quarter. Mackenzie Financial Corp now owns 17,735 shares of the company's stock valued at $407,000 after purchasing an additional 856 shares in the last quarter. Institutional investors own 97.26% of the company's stock.

Insider Activity

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of PagerDuty stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the transaction, the insider now directly owns 216,572 shares of the company's stock, valued at approximately $3,924,284.64. The trade was a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Howard Wilson sold 21,066 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total value 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 approximately $10,925,754.84. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 over the last quarter. 7.60% of the stock is owned by company insiders.

PagerDuty Trading Down 0.4 %

PagerDuty stock traded down $0.08 during trading hours on Friday, hitting $20.18. The stock had a trading volume of 832,971 shares, compared to its average volume of 1,140,811. The business's 50 day simple moving average is $19.43 and its 200-day simple moving average is $19.64. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $26.70. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -25.23 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52.

Wall Street Analyst Weigh In

Several equities analysts have commented on PD shares. 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 report on Wednesday, November 27th. 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. Craig Hallum cut their target price on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Scotiabank decreased their price target on PagerDuty from $23.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Wednesday, September 4th. Finally, Bank of America lowered their price target on PagerDuty from $28.00 to $23.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.09.

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.