Zurcher Kantonalbank Zurich Cantonalbank Has $407,000 Holdings in PagerDuty (NYSE:PD)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in PagerDuty (NYSE:PD) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,250 shares of the company’s stock after selling 2,666 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PagerDuty were worth $407,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. KBC Group NV bought a new position in shares of PagerDuty in the first quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PagerDuty in the fourth quarter valued at approximately $130,000. Teacher Retirement System of Texas bought a new position in shares of PagerDuty in the first quarter valued at approximately $229,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PagerDuty in the first quarter valued at approximately $246,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of PagerDuty by 35.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,631 shares of the company’s stock valued at $249,000 after purchasing an additional 3,533 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PD. Truist Financial dropped their target price on PagerDuty from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Cowen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Monday, July 28th. Morgan Stanley dropped their target price on PagerDuty from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group dropped their target price on PagerDuty from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. dropped their target price on PagerDuty from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.75.

PagerDuty Stock Down 3.9%

Shares of PD opened at $15.58 on Friday. The firm has a market cap of $1.42 billion, a P/E ratio of -38.94, a P/E/G ratio of 9.72 and a beta of 0.89. PagerDuty has a 1 year low of $13.69 and a 1 year high of $21.98. The stock has a 50 day simple moving average of $15.23 and a two-hundred day simple moving average of $16.52. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. On average, analysts forecast that PagerDuty will post -0.27 earnings per share for the current fiscal year.

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.