Ensign Peak Advisors Inc Purchases 5,000 Shares of PagerDuty, Inc. (NYSE:PD)

Ensign Peak Advisors Inc lifted its stake in PagerDuty, Inc. (NYSE:PD) by 12.7% in the second quarter, HoldingsChannel.com reports. The firm owned 44,326 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Ensign Peak Advisors Inc’s holdings in PagerDuty were worth $1,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in shares of PagerDuty by 28.0% in the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares in the last quarter. Cambridge Trust Co. acquired a new stake in shares of PagerDuty in the first quarter valued at approximately $68,000. Headlands Technologies LLC acquired a new stake in shares of PagerDuty in the second quarter valued at approximately $114,000. Neo Ivy Capital Management acquired a new stake in shares of PagerDuty in the fourth quarter valued at approximately $171,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of PagerDuty in the second quarter valued at approximately $181,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price target 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. TD Cowen lowered their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. lowered their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Robert W. Baird lowered 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, Canaccord Genuity Group lowered their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, PagerDuty has a consensus rating of “Hold” and an average target price of $21.91.

Insider Transactions at PagerDuty

In related news, insider Shelley Webb sold 5,732 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $21.98, for a total value of $125,989.36. Following the sale, the insider now directly 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 available at this hyperlink. In related news, CEO Jennifer Tejada sold 31,250 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $21.07, for a total value of $658,437.50. Following the sale, the chief executive officer now directly 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 at this hyperlink. Also, insider Shelley Webb sold 5,732 shares of the business’s 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 completion of the sale, the insider now directly owns 235,657 shares in the company, valued at $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 valued at $2,316,980 over the last three months. 7.60% of the stock is currently owned by corporate insiders.

PagerDuty Trading Up 1.9 %

Shares of NYSE PD opened at $18.48 on Friday. The company’s fifty day moving average is $19.04 and its 200-day moving average is $20.42. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -18.30 and a beta of 1.05. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

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