PagerDuty, Inc. (NYSE:PD) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 824,250 shares of the company's stock after purchasing an additional 55,233 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.91% of PagerDuty worth $15,051,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of PagerDuty by 285.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock worth $23,444,000 after buying an additional 936,257 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock worth $14,995,000 after buying an additional 202,382 shares during the last quarter. Barclays PLC grew its position 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 buying an additional 175,733 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of PagerDuty by 297.0% in the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company's stock worth $4,068,000 after buying an additional 164,061 shares during the last quarter. Finally, Firsthand Capital Management Inc. grew its position in shares of PagerDuty by 8,900.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the company's stock worth $1,670,000 after buying an additional 89,000 shares during the last quarter. Institutional investors own 97.26% of the company's stock.

PagerDuty Price Performance

NYSE:PD traded down $0.21 during trading hours on Thursday, reaching $18.26. 772,945 shares of the company were exchanged, compared to its average volume of 876,938. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $25.10. The firm has a market cap of $1.65 billion, a PE ratio of -22.82 and a beta of 1.13. The stock's 50-day moving average is $18.68 and its 200-day moving average is $18.88. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $23.00 to $18.00 in a research report on Thursday, January 30th. 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 note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $21.00 price objective on shares of PagerDuty in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.64.

Insider Transactions at PagerDuty

In related news, insider Shelley Webb sold 7,879 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the sale, the insider now owns 199,122 shares of the company's stock, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jennifer Tejada sold 1,569 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the completion of the sale, the chief executive officer now directly owns 868,311 shares of the company's stock, valued at $17,366,220. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,548 shares of company stock valued at $438,199 over the last 90 days. 7.60% of the stock is currently owned by corporate insiders.

PagerDuty 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.