Sigma Planning Corp Reduces Position in PagerDuty, Inc. (NYSE:PD)

Posted by Defense World Staff on Feb 24th, 2023

Sigma Planning Corp decreased its holdings in PagerDuty, Inc. (NYSE:PD – Get Rating) by 35.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,852 shares of the company’s stock after selling 5,380 shares during the quarter. Sigma Planning Corp’s holdings in PagerDuty were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PD. Goldman Sachs Group Inc. lifted its stake in PagerDuty by 47.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,099,664 shares of the company’s stock worth $37,598,000 after acquiring an additional 353,682 shares during the period. GMT Capital Corp purchased a new position in PagerDuty during the second quarter valued at $7,471,000. Renaissance Technologies LLC purchased a new position in PagerDuty during the first quarter valued at $8,527,000. Great West Life Assurance Co. Can purchased a new position in PagerDuty during the third quarter valued at $4,847,000. Finally, Cullinan Associates Inc. purchased a new position in PagerDuty during the third quarter valued at $4,614,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, SVP Shelley Webb sold 6,316 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $30.00, for a total transaction of $189,480.00. Following the completion of the sale, the senior vice president now directly owns 140,923 shares in the company, valued at approximately $4,227,690. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other PagerDuty news, SVP Shelley Webb sold 6,316 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $30.00, for a total transaction of $189,480.00. Following the completion of the sale, the senior vice president now directly owns 140,923 shares in the company, valued at approximately $4,227,690. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Tejada sold 36,191 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $28.01, for a total value of $1,013,709.91. Following the sale, the chief executive officer now owns 606,465 shares of the company’s stock, valued at $16,987,084.65. The disclosure for this sale can be found here. Insiders sold a total of 486,135 shares of company stock worth $13,816,986 in the last three months. 8.70% of the stock is currently owned by company insiders.

PagerDuty Stock Down 0.2 %

NYSE PD opened at $29.56 on Friday. PagerDuty, Inc. has a one year low of $19.51 and a one year high of $38.75. The stock has a 50-day moving average of $27.97 and a 200 day moving average of $25.38. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.18.

PagerDuty (NYSE:PD – Get Rating) last released its quarterly earnings results on Thursday, December 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The firm had revenue of $94.20 million for the quarter, compared to the consensus estimate of $92.77 million. PagerDuty had a negative net margin of 38.11% and a negative return on equity of 47.15%. As a group, analysts forecast that PagerDuty, Inc. will post -1.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PD has been the subject of several recent research reports. Canaccord Genuity Group lowered their price objective on PagerDuty from $32.00 to $31.00 in a research report on Monday, December 5th. Craig Hallum lowered their price objective on PagerDuty to $32.00 in a research report on Friday, December 2nd. Morgan Stanley upgraded PagerDuty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $32.00 to $36.00 in a report on Friday, January 20th. Credit Suisse Group raised their price target on PagerDuty from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, Robert W. Baird reduced their price target on PagerDuty from $35.00 to $32.00 in a report on Friday, December 2nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.91.

PagerDuty Company Profile

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PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.