Stanley Laman Group Ltd. Trims Stock Holdings in PagerDuty, Inc. (NYSE:PD)

Stanley Laman Group Ltd. lessened its position in PagerDuty, Inc. (NYSE:PD - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,282 shares of the company's stock after selling 42,517 shares during the quarter. Stanley Laman Group Ltd. owned about 0.22% of PagerDuty worth $3,566,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of PagerDuty by 285.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock valued at $23,444,000 after acquiring an additional 936,257 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock valued at $14,995,000 after purchasing an additional 202,382 shares during the last quarter. Barclays PLC grew its stake in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company's stock valued at $16,716,000 after buying an additional 175,733 shares during the period. Edgestream Partners L.P. increased its holdings in shares of PagerDuty by 297.0% during 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. raised its position in shares of PagerDuty by 8,900.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the company's stock valued at $1,670,000 after buying an additional 89,000 shares during the period. 97.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the transaction, the insider now directly owns 199,122 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Tejada sold 12,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total transaction of $251,500.00. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 22,548 shares of company stock valued at $438,199. Insiders own 7.60% of the company's stock.

PagerDuty Stock Down 1.2 %

NYSE:PD traded down $0.24 during mid-day trading on Monday, hitting $19.27. The stock had a trading volume of 1,047,366 shares, compared to its average volume of 817,947. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $25.10. The stock has a 50-day simple moving average of $18.77 and a two-hundred day simple moving average of $18.89. 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 market capitalization of $1.74 billion, a PE ratio of -24.08 and a beta of 1.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on PD. Royal Bank of Canada boosted their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th. Finally, Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and dropped their target price for the company from $23.00 to $18.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.64.

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.