PagerDuty, Inc. (NYSE:PD) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its stake in shares of PagerDuty, Inc. (NYSE:PD) by 6,298.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,410 shares of the company’s stock after acquiring an additional 54,544 shares during the period. Benjamin F. Edwards & Company Inc. owned 0.06% of PagerDuty worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PagerDuty during the fourth quarter worth $4,630,000. Optimus Prime Fund Management Co. Ltd. increased its position in PagerDuty by 13.9% during the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 655,000 shares of the company’s stock worth $15,163,000 after purchasing an additional 80,000 shares during the last quarter. Natixis Advisors LLC increased its position in PagerDuty by 172.8% during the second quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock worth $911,000 after purchasing an additional 25,170 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 buying an additional 904,136 shares during the period. Finally, Blue Trust Inc. raised its holdings in PagerDuty by 16.5% in the second quarter. Blue Trust Inc. now owns 8,872 shares of the company’s stock valued at $201,000 after buying an additional 1,254 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Trading Up 0.7 %

Shares of PD stock opened at $18.19 on Tuesday. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $26.70. The company has a market cap of $1.74 billion, a PE ratio of -18.01 and a beta of 1.05. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average is $19.25 and its two-hundred day moving average is $20.54.

PagerDuty (NYSE:PD) last released its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million during the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. Equities analysts predict that PagerDuty, Inc. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PD shares. TD Cowen lowered their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Morgan Stanley decreased their target price on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Royal Bank of Canada cut their price objective on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Canaccord Genuity Group lowered their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Scotiabank reduced their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.91.

Insider Buying and Selling at PagerDuty

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

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.