Sigma Planning Corp Has $377,000 Stake in PagerDuty, Inc. (NYSE:PD)

Sigma Planning Corp decreased its holdings in PagerDuty, Inc. (NYSE:PDGet Rating) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,232 shares of the company’s stock after selling 738 shares during the quarter. Sigma Planning Corp’s holdings in PagerDuty were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PD. Truist Financial Corp raised its position in shares of PagerDuty by 44.9% in the 1st quarter. Truist Financial Corp now owns 8,778 shares of the company’s stock valued at $300,000 after buying an additional 2,720 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of PagerDuty in the 1st quarter valued at approximately $377,000. FDx Advisors Inc. raised its position in shares of PagerDuty by 20.7% in the 1st quarter. FDx Advisors Inc. now owns 10,690 shares of the company’s stock valued at $365,000 after buying an additional 1,834 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of PagerDuty by 11.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 80,279 shares of the company’s stock valued at $2,745,000 after buying an additional 8,263 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of PagerDuty by 2.0% in the 1st quarter. Arizona State Retirement System now owns 18,375 shares of the company’s stock valued at $628,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PD. Monness Crespi & Hardt cut shares of PagerDuty from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Cowen dropped their target price on shares of PagerDuty from $40.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, September 2nd. Craig Hallum decreased their price target on shares of PagerDuty from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, September 2nd. Credit Suisse Group initiated coverage on shares of PagerDuty in a report on Friday, September 23rd. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Truist Financial decreased their price target on shares of PagerDuty from $35.00 to $30.00 in a report on Wednesday, October 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.12.

Insiders Place Their Bets

In other news, CFO Howard Wilson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $25.09, for a total value of $501,800.00. Following the transaction, the chief financial officer now owns 418,408 shares in the company, valued at approximately $10,497,856.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Howard Wilson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $25.09, for a total value of $501,800.00. Following the transaction, the chief financial officer now owns 418,408 shares in the company, valued at approximately $10,497,856.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Dave Justice sold 1,362 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $23.55, for a total transaction of $32,075.10. Following the completion of the transaction, the executive now owns 429,194 shares in the company, valued at approximately $10,107,518.70. The disclosure for this sale can be found here. Insiders have sold 35,689 shares of company stock valued at $890,298 in the last ninety days. 8.70% of the stock is currently owned by insiders.

PagerDuty Trading Up 4.0 %

PD opened at $22.00 on Friday. PagerDuty, Inc. has a fifty-two week low of $19.51 and a fifty-two week high of $38.75. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.48 and a quick ratio of 2.48. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.97 and a beta of 1.07. The company’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $24.77.

PagerDuty (NYSE:PDGet Rating) last posted its earnings results 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 business had revenue of $90.30 million for the quarter, compared to the consensus estimate of $88.22 million. During the same period in the previous year, the firm earned ($0.35) earnings per share. The company’s revenue was up 33.8% compared to the same quarter last year. As a group, research analysts predict that PagerDuty, Inc. will post -1.3 earnings per share for the current year.

About PagerDuty

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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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Institutional Ownership by Quarter for PagerDuty (NYSE:PD)

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