Quest Partners LLC Takes Position in PagerDuty, Inc. (NYSE:PD)

Quest Partners LLC purchased a new position in shares of PagerDuty, Inc. (NYSE:PD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 45,574 shares of the company’s stock, valued at approximately $845,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its stake in shares of PagerDuty by 6.9% in the first quarter. ProShare Advisors LLC now owns 16,045 shares of the company’s stock valued at $364,000 after buying an additional 1,034 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of PagerDuty by 20.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,638 shares of the company’s stock worth $695,000 after purchasing an additional 5,300 shares during the period. Vanguard Group Inc. increased its holdings in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after purchasing an additional 33,454 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of PagerDuty by 8.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 273,184 shares of the company’s stock valued at $6,191,000 after purchasing an additional 21,017 shares during the period. Finally, Janus Henderson Group PLC grew its position in PagerDuty by 1.9% during the first quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock worth $78,254,000 after buying an additional 64,359 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PD shares. Robert W. Baird reduced their price objective on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. TD Cowen dropped their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group cut their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Craig Hallum dropped their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their price target on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.82.

PagerDuty Trading Up 5.0 %

NYSE:PD opened at $19.79 on Friday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -21.18 and a beta of 1.07. The business has a fifty day moving average of $18.45 and a 200-day moving average of $19.58. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The firm had revenue of $115.94 million during the quarter, compared to analyst estimates of $116.52 million. During the same period last year, the company posted ($0.18) EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00. Following the transaction, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,188,925.24. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,396 shares of company stock worth $1,733,561. 7.60% of the stock is owned by insiders.

PagerDuty 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.