Shelley Webb Sells 7,879 Shares of PagerDuty, Inc. (NYSE:PD) Stock

PagerDuty, Inc. (NYSE:PDGet Free Report) 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 transaction of $143,319.01. Following the sale, the insider now directly owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This represents a 3.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PagerDuty Trading Up 1.0 %

PD stock traded up $0.18 during mid-day trading on Wednesday, hitting $17.70. 806,275 shares of the company were exchanged, compared to its average volume of 1,051,395. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The business has a fifty day simple moving average of $19.48 and a 200-day simple moving average of $19.42. The firm has a market capitalization of $1.60 billion, a P/E ratio of -22.12 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC raised its holdings in PagerDuty by 172.8% in the second quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock valued at $911,000 after acquiring an additional 25,170 shares in the last quarter. Rhumbline Advisers lifted its position in PagerDuty by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 138,063 shares of the company’s stock worth $3,166,000 after acquiring an additional 3,888 shares during the period. Arizona State Retirement System increased its stake in PagerDuty by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock valued at $566,000 after buying an additional 676 shares during the period. Choreo LLC acquired a new stake in PagerDuty in the second quarter valued at about $414,000. Finally, Headlands Technologies LLC purchased a new stake in shares of PagerDuty during the 2nd quarter worth $114,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PD shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 price target on shares of PagerDuty in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.09.

Get Our Latest Stock Analysis on PagerDuty

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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Insider Buying and Selling by Quarter for PagerDuty (NYSE:PD)

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