JPMorgan Chase & Co. reiterated their underweight rating on shares of PagerDuty (NYSE:PD - Free Report) in a research report released on Wednesday morning, Marketbeat reports. The firm currently has a $21.00 price objective on the stock.
PD has been the topic of several other reports. Bank of America lowered their price objective on shares of PagerDuty from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird dropped their price target on PagerDuty from $22.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Craig Hallum reduced their price objective on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered their target price on PagerDuty from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. Finally, Morgan Stanley reduced their price target on shares of PagerDuty from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, PagerDuty has a consensus rating of "Hold" and a consensus target price of $22.09.
View Our Latest Stock Report on PagerDuty
PagerDuty Price Performance
Shares of NYSE PD traded down $0.07 during midday trading on Wednesday, reaching $20.27. The company's stock had a trading volume of 1,123,685 shares, compared to its average volume of 1,143,588. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -25.43 and a beta of 1.09. PagerDuty has a one year low of $16.46 and a one year high of $26.70. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $19.63.
Insider Activity
In other news, insider Shelley Webb sold 6,246 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the sale, the insider now owns 216,572 shares in the company, valued at approximately $3,924,284.64. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Tejada sold 38,392 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at approximately $18,198,001.55. This trade represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,396 shares of company stock worth $1,733,561. Company insiders own 7.60% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its stake in shares of PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company's stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in PagerDuty by 33.4% during 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 period. Barclays PLC lifted its holdings in shares of PagerDuty by 24.2% during the 3rd quarter. Barclays PLC now owns 901,120 shares of the company's stock valued at $16,716,000 after purchasing an additional 175,733 shares in the last quarter. Edgestream Partners L.P. lifted its stake in PagerDuty by 297.0% in the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company's stock valued at $4,068,000 after buying an additional 164,061 shares in the last quarter. Finally, RGM Capital LLC boosted its stake in PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company's stock worth $103,286,000 after purchasing an additional 143,701 shares during the period. Institutional investors and hedge funds own 97.26% of the company's stock.
About PagerDuty
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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.
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