AQR Capital Management LLC Sells 51,593 Shares of PagerDuty, Inc. (NYSE:PD)

AQR Capital Management LLC cut its position in PagerDuty, Inc. (NYSE:PD) by 61.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,984 shares of the company’s stock after selling 51,593 shares during the period. AQR Capital Management LLC’s holdings in PagerDuty were worth $756,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in PagerDuty by 65.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after buying an additional 904,136 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PagerDuty during the 4th quarter worth approximately $4,630,000. Principal Financial Group Inc. boosted its holdings in shares of PagerDuty by 14.7% during the 1st quarter. Principal Financial Group Inc. now owns 12,005 shares of the company’s stock valued at $272,000 after acquiring an additional 1,539 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in PagerDuty during the 1st quarter worth $11,083,000. Finally, Private Advisor Group LLC grew its position in PagerDuty by 74.2% during the 1st quarter. Private Advisor Group LLC now owns 23,978 shares of the company’s stock worth $544,000 after acquiring an additional 10,212 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Craig Hallum reduced their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. TD Cowen dropped their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley cut their price target on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group cut their price target on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.91.

PagerDuty Trading Up 0.8 %

Shares of PagerDuty stock opened at $18.27 on Monday. 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, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The company has a market capitalization of $1.75 billion, a P/E ratio of -18.09 and a beta of 1.06. The company’s fifty day moving average is $18.49 and its two-hundred day moving average is $20.09.

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

Insider Buying and Selling at PagerDuty

In related news, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now owns 1,010,861 shares in the company, valued at $20,308,197.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares of the company’s stock, valued at approximately $20,308,197.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shelley Webb sold 6,246 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the sale, the insider now owns 216,572 shares of the company’s stock, valued at $3,924,284.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,450 shares of company stock valued at $906,262. 7.60% of the stock is currently owned by corporate insiders.

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.