Mirae Asset Global Investments Co. Ltd. Has $961,000 Stock Holdings in PagerDuty, Inc. (NYSE:PD)

Mirae Asset Global Investments Co. Ltd. increased its stake in PagerDuty, Inc. (NYSE:PD) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,521 shares of the company’s stock after purchasing an additional 3,972 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PagerDuty were worth $961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PD. FNY Investment Advisers LLC increased its holdings in shares of PagerDuty by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after acquiring an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in PagerDuty in the 3rd quarter valued at $80,000. FDx Advisors Inc. bought a new stake in PagerDuty during the 3rd quarter valued at $203,000. Interchange Capital Partners LLC bought a new stake in PagerDuty during the 4th quarter valued at $211,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of PagerDuty in the third quarter valued at $206,000. 97.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PD shares. Truist Financial raised shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a research note on Wednesday, January 24th. Robert W. Baird dropped their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, March 15th. Finally, Canaccord Genuity Group decreased their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

PagerDuty Price Performance

Shares of NYSE PD opened at $21.05 on Wednesday. The company has a market capitalization of $1.95 billion, a PE ratio of -23.92 and a beta of 0.91. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. The stock’s 50 day moving average price is $22.75 and its 200-day moving average price is $22.63. PagerDuty, Inc. has a twelve month low of $19.18 and a twelve month high of $34.22.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $111.12 million for the quarter, compared to the consensus estimate of $110.50 million. PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. On average, equities analysts anticipate that PagerDuty, Inc. will post -0.44 EPS for the current year.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,859 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $22.39, for a total value of $153,573.01. Following the transaction, the insider now directly owns 253,439 shares in the company, valued at $5,674,499.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Mitra Rezvan sold 2,215 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total transaction of $47,888.30. Following the completion of the transaction, the chief accounting officer now owns 119,452 shares in the company, valued at approximately $2,582,552.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shelley Webb sold 6,859 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $22.39, for a total value of $153,573.01. Following the completion of the sale, the insider now owns 253,439 shares in the company, valued at $5,674,499.21. The disclosure for this sale can be found here. Insiders have sold 17,967 shares of company stock worth $424,587 in the last ninety days. Company insiders own 7.90% of the company’s stock.

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.