Vestmark Advisory Solutions Inc. Boosts Stake in PagerDuty, Inc. (NYSE:PD)

Vestmark Advisory Solutions Inc. raised its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,568 shares of the company's stock after purchasing an additional 24,918 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.28% of PagerDuty worth $4,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PD. AMI Asset Management Corp lifted its position in PagerDuty by 154.2% during the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock worth $1,025,000 after purchasing an additional 34,063 shares during the period. Jackson Square Capital LLC bought a new stake in shares of PagerDuty during the 3rd quarter worth approximately $665,000. Glenmede Trust Co. NA boosted its position in shares of PagerDuty by 11.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock worth $13,386,000 after acquiring an additional 75,771 shares in the last quarter. Geode Capital Management LLC increased its stake in PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock valued at $39,915,000 after acquiring an additional 37,147 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in PagerDuty during the third quarter worth $444,000. Institutional investors and hedge funds own 97.26% of the company's stock.

PagerDuty Trading Down 3.2 %

Shares of NYSE:PD traded down $0.56 during midday trading on Monday, reaching $16.94. The company's stock had a trading volume of 1,229,872 shares, compared to its average volume of 1,032,294. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $24.76. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $18.78. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -21.17 and a beta of 1.12.

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Insiders Place Their Bets

In other PagerDuty news, CEO Jennifer Tejada sold 12,500 shares of PagerDuty stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.12, for a total value of $251,500.00. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares of the company's stock, valued at approximately $18,261,535.72. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shelley Webb sold 7,879 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction of $143,319.01. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,548 shares of company stock worth $438,199. 7.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PD shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of PagerDuty from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Bank of America lowered shares of PagerDuty from a "buy" rating to an "underperform" rating and decreased their price target for the company from $23.00 to $18.00 in a report on Thursday, January 30th. Two 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.com, the stock presently has an average rating of "Hold" and an average target price of $21.64.

About PagerDuty

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.