PagerDuty, Inc. (NYSE:PD) Shares Acquired by AMI Asset Management Corp

AMI Asset Management Corp boosted its stake in PagerDuty, Inc. (NYSE:PD) by 154.2% in the 4th quarter, Holdings Channel reports. The firm owned 56,156 shares of the company’s stock after buying an additional 34,063 shares during the quarter. AMI Asset Management Corp’s holdings in PagerDuty were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its holdings in shares of PagerDuty by 6,298.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock valued at $1,270,000 after buying an additional 54,544 shares during the period. Jackson Square Capital LLC purchased a new stake in shares of PagerDuty during the third quarter valued at approximately $665,000. Glenmede Trust Co. NA boosted its stake in shares of PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock valued at $13,386,000 after purchasing an additional 75,771 shares during the period. Clearline Capital LP acquired a new stake in PagerDuty during the 2nd quarter valued at $1,323,000. Finally, Geode Capital Management LLC increased its stake in PagerDuty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after buying an additional 37,147 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Down 2.1 %

Shares of PagerDuty stock opened at $18.27 on Tuesday. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.60. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50-day moving average price of $19.28 and a 200 day moving average price of $19.16.

Insider Activity

In other news, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at $3,622,029.18. The trade was a 3.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Tejada sold 38,392 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the transaction, the chief executive officer now directly owns 907,631 shares in the company, valued at $18,198,001.55. This trade represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,587 shares of company stock worth $1,962,070 in the last 90 days. Company insiders own 7.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PD. Royal Bank of Canada raised their price target on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.