State of New Jersey Common Pension Fund D Sells 5,396 Shares of PagerDuty, Inc. (NYSE:PD)

State of New Jersey Common Pension Fund D reduced its holdings in PagerDuty, Inc. (NYSE:PDGet Rating) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,575 shares of the company’s stock after selling 5,396 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.10% of PagerDuty worth $2,066,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of PagerDuty in the 2nd quarter worth approximately $85,000. Axxcess Wealth Management LLC boosted its holdings in PagerDuty by 15.2% in the second quarter. Axxcess Wealth Management LLC now owns 14,503 shares of the company’s stock worth $359,000 after acquiring an additional 1,910 shares in the last quarter. Transatlantique Private Wealth LLC bought a new stake in PagerDuty in the second quarter worth $389,000. Seaport Global Advisors LLC bought a new stake in PagerDuty in the second quarter worth $89,000. Finally, Capital Impact Advisors LLC boosted its holdings in PagerDuty by 13.4% in the second quarter. Capital Impact Advisors LLC now owns 31,858 shares of the company’s stock worth $789,000 after acquiring an additional 3,776 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

PagerDuty Stock Performance

NYSE PD opened at $26.92 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.37 and a current ratio of 2.37. PagerDuty, Inc. has a fifty-two week low of $19.51 and a fifty-two week high of $38.75. The stock has a 50-day simple moving average of $24.66 and a two-hundred day simple moving average of $24.83. The firm has a market capitalization of $2.42 billion, a P/E ratio of -17.71 and a beta of 0.89.

PagerDuty (NYSE:PDGet Rating) last posted its quarterly earnings data on Thursday, December 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.03). PagerDuty had a negative return on equity of 47.15% and a negative net margin of 38.11%. The firm had revenue of $94.20 million during the quarter, compared to analyst estimates of $92.77 million. On average, equities analysts forecast that PagerDuty, Inc. will post -1.3 earnings per share for the current year.

Insider Transactions at PagerDuty

In related news, CFO Howard Wilson sold 11,365 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $25.03, for a total value of $284,465.95. Following the transaction, the chief financial officer now directly owns 418,408 shares in the company, valued at $10,472,752.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CRO Dave Justice sold 2,186 shares of the business’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $26.60, for a total transaction of $58,147.60. Following the completion of the transaction, the executive now owns 397,861 shares in the company, valued at $10,583,102.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Howard Wilson sold 11,365 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $25.03, for a total transaction of $284,465.95. Following the transaction, the chief financial officer now owns 418,408 shares of the company’s stock, valued at approximately $10,472,752.24. The disclosure for this sale can be found here. Insiders have sold a total of 128,797 shares of company stock worth $3,421,714 in the last ninety days. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PD shares. Royal Bank of Canada dropped their target price on PagerDuty from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, November 28th. Morgan Stanley boosted their price target on PagerDuty from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, December 2nd. Robert W. Baird dropped their price objective on PagerDuty from $35.00 to $32.00 in a research note on Friday, December 2nd. Canaccord Genuity Group dropped their price objective on PagerDuty from $32.00 to $31.00 in a research note on Monday, December 5th. Finally, Credit Suisse Group started coverage on PagerDuty in a research note on Friday, September 23rd. They set an “outperform” rating and a $32.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PagerDuty has an average rating of “Moderate Buy” and a consensus target price of $32.91.

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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