PagerDuty, Inc. (NYSE:PD) Stock Position Decreased by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 26.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,233 shares of the company’s stock after selling 19,459 shares during the period. Edgestream Partners L.P. owned 0.06% of PagerDuty worth $1,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. ARK Investment Management LLC grew its position in shares of PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after buying an additional 1,180,202 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock worth $218,449,000 after acquiring an additional 33,454 shares during the period. Janus Henderson Group PLC lifted its stake in shares of PagerDuty by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock worth $78,254,000 after acquiring an additional 64,359 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of PagerDuty by 65.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock worth $52,911,000 after acquiring an additional 904,136 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of PagerDuty by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 832,948 shares of the company’s stock worth $19,283,000 after acquiring an additional 19,626 shares during the period. Institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 0.4 %

Shares of NYSE:PD opened at $18.10 on Friday. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $26.70. The company has a 50 day moving average of $19.30 and a 200-day moving average of $20.62. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -17.92 and a beta of 1.05.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company had revenue of $115.94 million during the quarter, compared to analysts’ expectations of $116.52 million. During the same quarter in the previous year, the company earned ($0.18) EPS. PagerDuty’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Insider Transactions at PagerDuty

In related news, CFO Howard Wilson sold 12,108 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total transaction of $248,092.92. Following the completion of the transaction, the chief financial officer now owns 594,202 shares in the company, valued at $12,175,198.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Shelley Webb sold 5,732 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the transaction, the insider now owns 235,657 shares in the company, valued at $5,179,740.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Howard Wilson sold 12,108 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total transaction of $248,092.92. Following the transaction, the chief financial officer now owns 594,202 shares of the company’s stock, valued at approximately $12,175,198.98. The disclosure for this sale can be found here. Insiders sold a total of 110,244 shares of company stock worth $2,316,980 in the last quarter. 7.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. TD Cowen dropped their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Craig Hallum dropped their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Bank of America dropped their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, PagerDuty has an average rating of “Hold” and an average target price of $21.91.

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.