PagerDuty, Inc. (NYSE:PD) Holdings Decreased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,494 shares of the company’s stock after selling 22,924 shares during the quarter. PagerDuty accounts for approximately 1.1% of Stanley Laman Group Ltd.’s holdings, making the stock its 25th biggest position. Stanley Laman Group Ltd. owned approximately 0.33% of PagerDuty worth $7,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund boosted its position in PagerDuty by 1.5% during the fourth quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after purchasing an additional 532 shares during the last quarter. Arizona State Retirement System boosted its position in PagerDuty by 2.3% during the third quarter. Arizona State Retirement System now owns 24,941 shares of the company’s stock valued at $561,000 after purchasing an additional 563 shares during the last quarter. Diversified Trust Co boosted its position in PagerDuty by 4.2% during the third quarter. Diversified Trust Co now owns 16,312 shares of the company’s stock valued at $367,000 after purchasing an additional 660 shares during the last quarter. Renaissance Group LLC boosted its position in PagerDuty by 1.1% during the third quarter. Renaissance Group LLC now owns 80,393 shares of the company’s stock valued at $1,802,000 after purchasing an additional 873 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its position in 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 purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Insider Buying and Selling at PagerDuty

In other PagerDuty 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 value of $47,888.30. Following the transaction, the chief accounting officer now directly owns 119,452 shares in the company, valued at approximately $2,582,552.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Mitra Rezvan sold 2,215 shares of the firm’s 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 sale, the chief accounting officer now owns 119,452 shares of the company’s stock, valued at approximately $2,582,552.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Howard Wilson sold 8,893 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.09, for a total value of $223,125.37. Following the sale, the chief financial officer now directly owns 507,672 shares in the company, valued at approximately $12,737,490.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,967 shares of company stock worth $424,587. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Canaccord Genuity Group reduced their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a research note on Wednesday, January 24th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $30.00 in a research note on Monday, March 18th. Finally, Robert W. Baird dropped their price objective on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PagerDuty has a consensus rating of “Moderate Buy” and an average target price of $27.25.

PagerDuty Price Performance

Shares of PD traded down $0.56 during mid-day trading on Thursday, reaching $20.20. The company had a trading volume of 1,032,700 shares, compared to its average volume of 1,355,218. The company has a market capitalization of $1.87 billion, a P/E ratio of -22.95 and a beta of 0.91. PagerDuty, Inc. has a twelve month low of $19.18 and a twelve month high of $32.25. The company’s 50-day moving average is $22.59 and its 200-day moving average is $22.60. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.50 and a quick ratio of 2.50.

PagerDuty (NYSE:PD) last released 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.

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.