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

AMI Asset Management Corp raised its position in PagerDuty, Inc. (NYSE:PD) by 154.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,156 shares of the company’s stock after purchasing an additional 34,063 shares during the period. AMI Asset Management Corp owned 0.06% of PagerDuty worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their target price 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. reaffirmed an “underweight” rating and set a $21.00 price objective 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 given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and a consensus price target of $22.09.

PagerDuty Price Performance

Shares of NYSE:PD opened at $18.27 on Tuesday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.60. The stock’s fifty day simple moving average is $19.28 and its 200-day simple moving average is $19.16.

Insider Activity at PagerDuty

In related news, 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 value 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 approximately $18,198,001.55. This represents a 4.06 % 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. Also, insider Shelley Webb sold 7,879 shares of the firm’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 completion of the sale, the insider now directly owns 199,122 shares in the company, valued at approximately $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,587 shares of company stock valued at $1,962,070. 7.60% of the stock is owned by insiders.

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.