PagerDuty, Inc. (NYSE:PD) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp trimmed its position in shares of PagerDuty, Inc. (NYSE:PD) by 13.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,480 shares of the company’s stock after selling 4,391 shares during the period. Alberta Investment Management Corp’s holdings in PagerDuty were worth $520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PD. Venturi Wealth Management LLC purchased a new stake in PagerDuty during the 4th quarter worth $43,000. Quarry LP boosted its position in PagerDuty by 98.3% during the 3rd quarter. Quarry LP now owns 2,792 shares of the company’s stock worth $52,000 after purchasing an additional 1,384 shares during the period. Fred Alger Management LLC boosted its position in PagerDuty by 63.7% during the 3rd quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock worth $76,000 after purchasing an additional 1,594 shares during the period. Point72 DIFC Ltd purchased a new stake in PagerDuty during the 3rd quarter worth $163,000. Finally, Blue Trust Inc. boosted its position in PagerDuty by 33.7% during the 3rd quarter. Blue Trust Inc. now owns 11,858 shares of the company’s stock worth $220,000 after purchasing an additional 2,986 shares during the period. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research report on Wednesday, December 11th. Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.64.

Insider Transactions at PagerDuty

In related news, insider Shelley Webb sold 7,879 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.19, for a total transaction of $143,319.01. Following the sale, the insider now owns 199,122 shares in the company, valued at $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Tejada sold 12,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.12, for a total transaction of $251,500.00. Following the sale, the chief executive officer now owns 907,631 shares in the company, valued at approximately $18,261,535.72. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,548 shares of company stock valued at $438,199. Insiders own 7.60% of the company’s stock.

PagerDuty Stock Performance

Shares of PD stock opened at $18.08 on Friday. 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 one year low of $16.46 and a one year high of $25.10. The company’s 50-day simple moving average is $18.60 and its 200-day simple moving average is $18.87. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -22.60 and a beta of 1.13.

PagerDuty Company 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.