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

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

PagerDuty Stock Up 1.0 %

PD stock traded up $0.18 during trading on Wednesday, hitting $17.70. 806,275 shares of the company’s stock traded hands, compared to its average volume of 1,051,395. The business has a fifty day simple moving average of $19.48 and a two-hundred day simple moving average of $19.42. 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 firm has a market capitalization of $1.60 billion, a P/E ratio of -22.12 and a beta of 1.13. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PD. Quarry LP raised its position in shares of PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares during the last quarter. Fred Alger Management LLC grew its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares during the period. Headlands Technologies LLC purchased a new stake in PagerDuty in the 2nd quarter worth $114,000. Point72 DIFC Ltd purchased a new stake in shares of PagerDuty during the third quarter worth about $163,000. Finally, nVerses Capital LLC acquired a new position in shares of PagerDuty during the third quarter valued at approximately $176,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

PD has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on 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 target on shares of PagerDuty in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, PagerDuty presently has a consensus rating of “Hold” and a consensus price target of $22.09.

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.