Green Alpha Advisors LLC Makes New Investment in PagerDuty, Inc. (NYSE:PD)

Green Alpha Advisors LLC purchased a new stake in shares of PagerDuty, Inc. (NYSE:PD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,659 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP lifted its stake 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 period. Fred Alger Management LLC increased 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 buying an additional 1,578 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of PagerDuty in the second quarter worth about $114,000. Point72 DIFC Ltd purchased a new stake in shares of PagerDuty during the 3rd quarter worth about $163,000. Finally, nVerses Capital LLC acquired a new stake in shares of PagerDuty during the 3rd quarter valued at about $176,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank of Canada upped 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.09.

Insiders Place Their Bets

In other news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction on Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the sale, the insider now directly owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Tejada sold 38,392 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.05, for a total transaction of $769,759.60. Following the sale, the chief executive officer now 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 sold 98,587 shares of company stock valued at $1,962,070 in the last three months. 7.60% of the stock is currently owned by insiders.

PagerDuty Trading Down 0.6 %

Shares of PD stock opened at $17.61 on Monday. PagerDuty, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s fifty day moving average is $19.44 and its two-hundred day moving average is $19.33. The firm has a market capitalization of $1.59 billion, a P/E ratio of -22.01 and a beta of 1.13.

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.