Sigma Planning Corp reduced its position in PagerDuty, Inc. (NYSE:PD – Free Report) by 8.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,527 shares of the company’s stock after selling 910 shares during the period. Sigma Planning Corp’s holdings in PagerDuty were worth $333,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lisanti Capital Growth LLC increased its position in shares of PagerDuty by 33.9% in the first quarter. Lisanti Capital Growth LLC now owns 397,305 shares of the company’s stock valued at $13,898,000 after buying an additional 100,540 shares in the last quarter. Hoylecohen LLC purchased a new position in PagerDuty during the 1st quarter valued at about $207,000. Ziegler Capital Management LLC raised its position in PagerDuty by 3.9% during the first quarter. Ziegler Capital Management LLC now owns 293,314 shares of the company’s stock worth $10,260,000 after acquiring an additional 11,123 shares during the last quarter. AGF Management Ltd. purchased a new stake in shares of PagerDuty in the first quarter valued at about $7,002,000. Finally, New York State Common Retirement Fund grew its position in shares of PagerDuty by 19.8% in the first quarter. New York State Common Retirement Fund now owns 173,981 shares of the company’s stock valued at $6,086,000 after purchasing an additional 28,755 shares during the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on PagerDuty from $37.00 to $32.00 in a research report on Friday, June 2nd. Robert W. Baird reduced their price objective on PagerDuty from $35.00 to $32.00 in a research report on Friday, June 2nd. Finally, Craig Hallum lowered PagerDuty from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.
Insider Transactions at PagerDuty
In other news, CFO Howard Wilson sold 4,260 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $25.03, for a total transaction of $106,627.80. Following the transaction, the chief financial officer now owns 557,046 shares of the company’s stock, valued at $13,942,861.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PagerDuty news, Director Rathi Murthy sold 45,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $21.44, for a total transaction of $964,800.00. Following the sale, the director now directly owns 23,375 shares of the company’s stock, valued at $501,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Howard Wilson sold 4,260 shares of PagerDuty stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $25.03, for a total transaction of $106,627.80. Following the completion of the transaction, the chief financial officer now directly owns 557,046 shares of the company’s stock, valued at $13,942,861.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,148 shares of company stock valued at $1,093,628. Insiders own 7.90% of the company’s stock.
PagerDuty Stock Performance
PagerDuty stock opened at $23.98 on Monday. The firm’s fifty day moving average price is $23.30 and its 200 day moving average price is $27.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -19.98 and a beta of 0.87. PagerDuty, Inc. has a 12-month low of $19.51 and a 12-month high of $35.33.
PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. PagerDuty had a negative return on equity of 35.07% and a negative net margin of 27.74%. The firm had revenue of $103.25 million during the quarter, compared to the consensus estimate of $103.25 million. During the same quarter in the prior year, the business posted ($0.33) earnings per share. PagerDuty’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, research analysts forecast that PagerDuty, Inc. will post -0.57 EPS for the current fiscal year.
PagerDuty Profile
PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.
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