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

PagerDuty, Inc. (NYSE:PD) insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PagerDuty Stock Down 0.6 %

Shares of PagerDuty stock opened at $17.61 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of -22.01 and a beta of 1.13. 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 stock has a 50 day moving average price of $19.44 and a two-hundred day moving average price of $19.37. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after buying an additional 1,322 shares during the last quarter. Fred Alger Management LLC lifted its holdings in shares of PagerDuty by 170.6% during the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock worth $57,000 after buying an additional 1,578 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of PagerDuty during the second quarter worth approximately $114,000. Point72 DIFC Ltd acquired a new position in shares of PagerDuty during the third quarter worth approximately $163,000. Finally, nVerses Capital LLC acquired a new position in shares of PagerDuty during the third quarter worth approximately $176,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PD has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th. Royal Bank of Canada lifted 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. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.09.

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.