Allspring Global Investments Holdings LLC Sells 28,500 Shares of PagerDuty, Inc. (NYSE:PD)

Allspring Global Investments Holdings LLC decreased its holdings in PagerDuty, Inc. (NYSE:PD) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 769,017 shares of the company’s stock after selling 28,500 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.83% of PagerDuty worth $14,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of PagerDuty by 6,298.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock worth $1,270,000 after purchasing an additional 54,544 shares during the period. Clearline Capital LP purchased a new stake in PagerDuty in the second quarter worth about $1,323,000. Natixis Advisors LLC boosted its position in PagerDuty by 172.8% during the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock valued at $911,000 after acquiring an additional 25,170 shares in the last quarter. RGM Capital LLC grew its holdings in shares of PagerDuty by 3.3% during 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. Finally, Point72 Asset Management L.P. raised its position in shares of PagerDuty by 214.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,558 shares of the company’s stock worth $1,320,000 after acquiring an additional 39,258 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group reduced their price target on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada decreased their price target on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Bank of America dropped their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock 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. Finally, TD Cowen lowered their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, PagerDuty presently has an average rating of “Hold” and an average price target of $21.82.

PagerDuty Stock Up 0.2 %

PD stock opened at $17.96 on Friday. The stock has a market capitalization of $1.72 billion, a P/E ratio of -17.78 and a beta of 1.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. The business has a fifty day moving average price of $18.43 and a 200-day moving average price of $19.83.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. During the same quarter in the prior year, the business earned ($0.18) EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mitra Rezvan sold 2,942 shares of the company’s stock in a transaction 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 owns 108,449 shares in the company, valued at approximately $1,958,588.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Tejada sold 14,512 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at $22,238,942. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,450 shares of company stock valued at $862,262. Company 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.