SteelPeak Wealth LLC Sells 6,644 Shares of PagerDuty, Inc. (NYSE:PD)

SteelPeak Wealth LLC trimmed its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,399 shares of the company’s stock after selling 6,644 shares during the quarter. SteelPeak Wealth LLC’s holdings in PagerDuty were worth $336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PD. JPMorgan Chase & Co. increased its position in shares of PagerDuty by 285.8% in the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after purchasing an additional 936,257 shares during the period. Loomis Sayles & Co. L P increased its holdings in PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock valued at $14,995,000 after buying an additional 202,382 shares during the period. Barclays PLC raised its position in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock valued at $16,716,000 after buying an additional 175,733 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of PagerDuty by 297.0% during the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after acquiring an additional 164,061 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of PagerDuty during the 2nd quarter worth approximately $2,956,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Down 4.7 %

NYSE:PD opened at $18.48 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $25.47. The firm’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $19.06. The company has a market cap of $1.67 billion, a PE ratio of -23.09 and a beta of 1.13.

Insider Transactions at PagerDuty

In other news, CEO Jennifer Tejada sold 1,569 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the sale, the chief executive officer now directly owns 868,311 shares of the company’s stock, valued at approximately $17,366,220. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares of the company’s stock, valued at $10,925,754.84. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,756 shares of company stock worth $2,005,450. Company insiders own 7.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $23.00 to $18.00 in a research report on Thursday. Royal Bank of Canada upped their price objective on PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 target price on shares of PagerDuty in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.64.

PagerDuty 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.