PagerDuty, Inc. (NYSE:PD) Shares Acquired by Capital Impact Advisors LLC

Capital Impact Advisors LLC lifted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 33.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,882 shares of the company’s stock after buying an additional 8,518 shares during the period. PagerDuty makes up approximately 2.2% of Capital Impact Advisors LLC’s holdings, making the stock its 12th largest position. Capital Impact Advisors LLC’s holdings in PagerDuty were worth $777,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PD. First Horizon Advisors Inc. raised its holdings in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after purchasing an additional 508 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in PagerDuty by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock worth $2,826,000 after purchasing an additional 542 shares in the last quarter. Arizona State Retirement System raised its holdings in PagerDuty by 2.8% during the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after purchasing an additional 676 shares in the last quarter. Mackenzie Financial Corp raised its holdings in PagerDuty by 5.1% during the second quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock worth $407,000 after purchasing an additional 856 shares in the last quarter. Finally, CWM LLC raised its holdings in PagerDuty by 7.2% during the second quarter. CWM LLC now owns 12,982 shares of the company’s stock worth $298,000 after purchasing an additional 868 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PD. Craig Hallum cut their price target on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Bank of America cut their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Morgan Stanley dropped their target price on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Robert W. Baird dropped their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Scotiabank dropped their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.91.

Insider Buying and Selling at PagerDuty

In related news, insider Shelley Webb sold 5,732 shares of PagerDuty stock in a transaction on Friday, July 5th. The shares were sold at an average price of $21.98, for a total transaction of $125,989.36. Following the sale, the insider now owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jennifer Tejada sold 31,250 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $21.07, for a total value of $658,437.50. Following the completion of the sale, the chief executive officer now owns 1,023,579 shares of the company’s stock, valued at approximately $21,566,809.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shelley Webb sold 5,732 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the sale, the insider now directly owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The disclosure for this sale can be found here. Insiders have sold a total of 110,244 shares of company stock worth $2,316,980 in the last quarter. 7.60% of the stock is owned by insiders.

PagerDuty Stock Up 1.9 %

Shares of NYSE PD opened at $18.48 on Monday. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The firm’s 50 day moving average price is $19.04 and its 200 day moving average price is $20.39. The firm has a market cap of $1.72 billion, a P/E ratio of -18.30 and a beta of 1.05. 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 announced its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. PagerDuty’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share. As a group, sell-side analysts anticipate that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

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.