Duality Advisers LP Trims Stake in PagerDuty, Inc. (NYSE:PD)

Duality Advisers LP reduced its stake in shares of PagerDuty, Inc. (NYSE:PD) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,987 shares of the company’s stock after selling 1,843 shares during the quarter. Duality Advisers LP’s holdings in PagerDuty were worth $1,551,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FNY Investment Advisers LLC increased its position in shares of PagerDuty by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after buying an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of PagerDuty in the third quarter valued at approximately $80,000. FDx Advisors Inc. purchased a new stake in shares of PagerDuty in the third quarter valued at approximately $203,000. Axxcess Wealth Management LLC purchased a new stake in shares of PagerDuty in the third quarter valued at approximately $206,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of PagerDuty in the third quarter valued at approximately $209,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Howard Wilson sold 8,893 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares of the company’s stock, valued at approximately $12,737,490.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Mitra Rezvan sold 2,215 shares of the stock in a transaction dated 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 owns 119,452 shares in the company, valued at approximately $2,582,552.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Howard Wilson sold 8,893 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.09, for a total value of $223,125.37. Following the completion of the transaction, the chief financial officer now 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 90 days, insiders have sold 17,967 shares of company stock valued at $424,587. Corporate insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PD has been the subject of several research reports. Canaccord Genuity Group dropped 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 set a $30.00 price target on shares of PagerDuty in a research report on Wednesday, January 24th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Finally, Robert W. Baird dropped their price target on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Four research 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, PagerDuty currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

PagerDuty Trading Down 1.4 %

Shares of PagerDuty stock opened at $20.33 on Tuesday. PagerDuty, Inc. has a 52 week low of $19.18 and a 52 week high of $34.22. The business’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $22.64. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61.

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