PagerDuty, Inc. (NYSE:PD) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of PagerDuty, Inc. (NYSE:PD) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,132 shares of the company’s stock after selling 1,400 shares during the period. Vontobel Holding Ltd.’s holdings in PagerDuty were worth $466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ARK Investment Management LLC lifted its holdings in PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in shares of PagerDuty during the first quarter valued at approximately $11,083,000. RGM Capital LLC grew its stake in PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after acquiring an additional 143,701 shares during the period. Squarepoint Ops LLC acquired a new position in PagerDuty in the 2nd quarter valued at $2,956,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of PagerDuty by 115.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 217,543 shares of the company’s stock worth $4,988,000 after purchasing an additional 116,422 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

PD has been the subject of several analyst reports. Robert W. Baird dropped their target price on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Scotiabank cut their price objective on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. TD Cowen decreased their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada dropped their price target on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Craig Hallum decreased their price target 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. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, PagerDuty has a consensus rating of “Hold” and a consensus target price of $21.91.

PagerDuty Stock Down 1.1 %

Shares of PagerDuty stock opened at $18.80 on Tuesday. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -18.61 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. The company has a fifty day moving average price of $18.52 and a 200 day moving average price of $19.92.

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

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 14,512 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total transaction of $319,264.00. Following the completion of the sale, the chief executive officer now directly owns 1,010,861 shares of the company’s stock, valued at approximately $22,238,942. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jennifer Tejada sold 14,512 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $22.00, for a total value of $319,264.00. Following the transaction, the chief executive officer now owns 1,010,861 shares in the company, valued at approximately $22,238,942. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,450 shares of company stock valued at $862,262. Corporate insiders own 7.60% of the company’s stock.

About PagerDuty

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.