Natixis Advisors LLC Sells 1,326 Shares of PagerDuty, Inc. (NYSE:PD)

Natixis Advisors LLC lessened its position in PagerDuty, Inc. (NYSE:PD) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,407 shares of the company’s stock after selling 1,326 shares during the period. Natixis Advisors LLC’s holdings in PagerDuty were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. ARK Investment Management LLC lifted its position in PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares in the last quarter. RGM Capital LLC raised its stake in shares of PagerDuty by 3.3% in the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after buying an additional 143,701 shares during the period. Squarepoint Ops LLC purchased a new position in shares of PagerDuty during the 2nd quarter valued at about $2,956,000. Cubist Systematic Strategies LLC grew its stake in shares of PagerDuty by 115.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 217,543 shares of the company’s stock valued at $4,988,000 after acquiring an additional 116,422 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its holdings in PagerDuty by 424.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 91,236 shares of the company’s stock worth $2,092,000 after acquiring an additional 73,836 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Insider Activity at PagerDuty

In other news, CFO Howard Wilson sold 21,066 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the transaction, the chief executive officer now directly owns 907,631 shares in the company, valued at $18,188,925.24. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,396 shares of company stock valued at $1,733,561. 7.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PD has been the subject of several recent analyst reports. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Scotiabank decreased their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 4th. Craig Hallum cut their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Royal Bank of Canada boosted their target price on shares of PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, PagerDuty presently has a consensus rating of “Hold” and a consensus price target of $22.00.

PagerDuty Price Performance

PagerDuty stock opened at $21.01 on Thursday. The company’s 50 day moving average is $18.75 and its two-hundred day moving average is $19.60. The firm has a market cap of $1.96 billion, a PE ratio of -23.61 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70.

PagerDuty (NYSE:PD) last issued its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping 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 net margin of 18.58% and a negative return on equity of 25.83%. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts expect that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

PagerDuty Profile

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.