Walleye Capital LLC acquired a new position in PagerDuty, Inc. (NYSE:PD – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,829 shares of the company’s stock, valued at approximately $268,000.
Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of PagerDuty in the second quarter worth about $85,000. SG Americas Securities LLC bought a new stake in shares of PagerDuty in the first quarter worth about $377,000. Lisanti Capital Growth LLC bought a new stake in shares of PagerDuty in the first quarter worth about $3,925,000. Blueshift Asset Management LLC bought a new stake in PagerDuty during the 1st quarter valued at approximately $490,000. Finally, FDx Advisors Inc. boosted its position in PagerDuty by 20.7% during the 1st quarter. FDx Advisors Inc. now owns 10,690 shares of the company’s stock valued at $365,000 after acquiring an additional 1,834 shares in the last quarter. 92.58% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on PD shares. Monness Crespi & Hardt cut PagerDuty from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Cowen cut their price objective on PagerDuty from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, September 2nd. Credit Suisse Group started coverage on PagerDuty in a research report on Friday, September 23rd. They set an “outperform” rating and a $32.00 price objective on the stock. Truist Financial cut their price objective on PagerDuty from $35.00 to $30.00 in a research report on Wednesday, October 26th. Finally, Robert W. Baird cut their price objective on PagerDuty from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, September 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, PagerDuty presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.35.
PagerDuty Price Performance
PagerDuty (NYSE:PD – Get Rating) last announced its quarterly earnings data on Thursday, September 1st. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). PagerDuty had a negative return on equity of 45.04% and a negative net margin of 38.83%. The firm had revenue of $90.30 million during the quarter, compared to analysts’ expectations of $88.22 million. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. PagerDuty’s revenue was up 33.8% on a year-over-year basis. As a group, research analysts expect that PagerDuty, Inc. will post -1.3 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Howard Wilson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $25.07, for a total value of $376,050.00. Following the completion of the transaction, the chief financial officer now directly owns 451,649 shares in the company, valued at approximately $11,322,840.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PagerDuty news, CRO Dave Justice sold 1,362 shares of the business’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $23.55, for a total transaction of $32,075.10. Following the completion of the sale, the executive now directly owns 429,194 shares in the company, valued at approximately $10,107,518.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Howard Wilson sold 15,000 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $25.07, for a total transaction of $376,050.00. Following the sale, the chief financial officer now owns 451,649 shares of the company’s stock, valued at $11,322,840.43. The disclosure for this sale can be found here. Insiders sold a total of 50,689 shares of company stock worth $1,266,348 in the last three months. Insiders own 8.70% of the company’s stock.
PagerDuty Company Profile
PagerDuty, Inc operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data 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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