Los Angeles Capital Management LLC Has $213,000 Position in PagerDuty, Inc. (NYSE:PD)

Los Angeles Capital Management LLC lessened its position in PagerDuty, Inc. (NYSE:PD) by 69.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,370 shares of the company’s stock after selling 21,135 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PagerDuty were worth $213,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of PagerDuty by 14.0% during the 3rd quarter. Deutsche Bank AG now owns 45,802 shares of the company’s stock worth $1,030,000 after buying an additional 5,634 shares during the last quarter. Rhumbline Advisers boosted its position in PagerDuty by 2.0% during the third quarter. Rhumbline Advisers now owns 136,597 shares of the company’s stock valued at $3,072,000 after purchasing an additional 2,658 shares during the last quarter. Northern Trust Corp grew its stake in PagerDuty by 7.2% in the third quarter. Northern Trust Corp now owns 873,453 shares of the company’s stock valued at $19,644,000 after purchasing an additional 58,951 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of PagerDuty during the 3rd quarter worth approximately $267,000. Finally, Trexquant Investment LP raised its stake in shares of PagerDuty by 54.9% during the 3rd quarter. Trexquant Investment LP now owns 132,629 shares of the company’s stock worth $2,983,000 after purchasing an additional 47,012 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Performance

NYSE:PD opened at $22.76 on Friday. The stock has a 50 day simple moving average of $20.45 and a 200 day simple moving average of $22.40. The stock has a market cap of $2.18 billion, a P/E ratio of -22.53 and a beta of 1.00. PagerDuty, Inc. has a 1-year low of $17.92 and a 1-year high of $26.70. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.58.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, May 30th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The company had revenue of $111.17 million during the quarter, compared to the consensus estimate of $111.74 million. Research analysts anticipate that PagerDuty, Inc. will post -0.45 earnings per share for the current year.

Insider Activity at PagerDuty

In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of PagerDuty 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 completion of the transaction, the chief accounting officer now directly owns 119,452 shares of the company’s stock, valued at approximately $2,582,552.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Shelley Webb sold 6,859 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the sale, the insider now owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mitra Rezvan sold 2,215 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,582,552.24. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PD has been the subject of several analyst reports. Craig Hallum upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $30.00 in a report on Wednesday, June 12th. Truist Financial upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $30.00 in a research note on Monday, March 18th. Robert W. Baird reduced their price target on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Canaccord Genuity Group dropped their price objective on PagerDuty from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. initiated coverage on PagerDuty in a report on Thursday. They set a “neutral” rating and a $24.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.33.

PagerDuty Company 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.