Cwm LLC Reduces Stock Position in PagerDuty, Inc. (NYSE:PD)

Cwm LLC lowered its stake in PagerDuty, Inc. (NYSE:PD) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,308 shares of the company’s stock after selling 674 shares during the quarter. Cwm LLC’s holdings in PagerDuty were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in shares of PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of PagerDuty by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock worth $2,826,000 after acquiring an additional 542 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of PagerDuty by 2.8% during the 2nd quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after acquiring an additional 676 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of PagerDuty by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock worth $407,000 after acquiring an additional 856 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of PagerDuty by 6.0% during the 2nd quarter. Hsbc Holdings PLC now owns 16,589 shares of the company’s stock worth $380,000 after acquiring an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

PD stock opened at $18.21 on Wednesday. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $26.70. 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 50-day moving average price of $18.51 and a 200 day moving average price of $19.89. The stock has a market cap of $1.69 billion, a PE ratio of -20.46 and a beta of 1.06.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $115.94 million during the quarter, compared to analysts’ expectations of $116.52 million. During the same period in the previous year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. TD Cowen decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley decreased their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 4th. Finally, Craig Hallum decreased their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.91.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the sale, the chief executive officer now directly owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at approximately $20,308,197.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mitra Rezvan sold 2,942 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at $1,958,588.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,450 shares of company stock valued at $862,262 in the last three months. Company insiders own 7.60% of the company’s stock.

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.