Peregrine Capital Management LLC trimmed its position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 98.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,495 shares of the company's stock after selling 354,667 shares during the period. Peregrine Capital Management LLC's holdings in PagerDuty were worth $82,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in PagerDuty in the 4th quarter valued at $43,000. Allspring Global Investments Holdings LLC grew its stake in shares of PagerDuty by 7.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company's stock valued at $15,051,000 after acquiring an additional 55,233 shares in the last quarter. Blue Trust Inc. grew its stake in shares of PagerDuty by 24.8% during the fourth quarter. Blue Trust Inc. now owns 14,796 shares of the company's stock valued at $274,000 after acquiring an additional 2,938 shares in the last quarter. AMI Asset Management Corp grew its stake in shares of PagerDuty by 154.2% during the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock valued at $1,025,000 after acquiring an additional 34,063 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of PagerDuty during the fourth quarter valued at about $499,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Shelley Webb sold 7,879 shares of PagerDuty 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 sale, the insider now owns 199,122 shares of the company's stock, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Tejada sold 1,569 shares of PagerDuty stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the sale, the chief executive officer now directly owns 868,311 shares in the company, valued at approximately $17,366,220. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,548 shares of company stock valued at $438,199 over the last quarter. Insiders own 7.60% of the company's stock.
PagerDuty Stock Performance
NYSE PD traded down $0.27 during trading hours on Friday, reaching $18.03. The company's stock had a trading volume of 408,566 shares, compared to its average volume of 863,806. 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 business has a 50-day simple moving average of $18.64 and a 200 day simple moving average of $18.87. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $25.10. The stock has a market cap of $1.63 billion, a PE ratio of -22.52 and a beta of 1.13.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an "underweight" rating and set a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th. Bank of America downgraded PagerDuty from a "buy" rating to an "underperform" rating and lowered their target price for the company from $23.00 to $18.00 in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.64.
Check Out Our Latest Analysis on PagerDuty
PagerDuty Company Profile
(
Free Report)
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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