Intech Investment Management LLC Acquires Shares of 23,947 PagerDuty, Inc. (NYSE:PD)

Intech Investment Management LLC purchased a new position in shares of PagerDuty, Inc. (NYSE:PD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,947 shares of the company’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of PagerDuty by 7.2% in the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after buying an additional 868 shares during the period. SteelPeak Wealth LLC bought a new stake in shares of PagerDuty during the second quarter worth $200,000. Blue Trust Inc. lifted its position in PagerDuty by 16.5% in the 2nd quarter. Blue Trust Inc. now owns 8,872 shares of the company’s stock valued at $201,000 after acquiring an additional 1,254 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in 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 purchasing an additional 508 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of PagerDuty by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock worth $17,789,000 after buying an additional 54,841 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PD. Morgan Stanley dropped their price target on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group dropped their price target on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Robert W. Baird reduced their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Craig Hallum cut their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Insider Buying and Selling

In related news, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of 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 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Wilson sold 21,066 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the transaction, the chief financial officer now owns 545,742 shares in the company, valued at $10,925,754.84. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,396 shares of company stock worth $1,733,561 in the last three months. 7.60% of the stock is owned by corporate insiders.

PagerDuty Price Performance

NYSE PD opened at $21.65 on Tuesday. 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 company has a market cap of $2.01 billion, a PE ratio of -27.06 and a beta of 1.07. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70. The firm’s 50-day simple moving average is $18.94 and its two-hundred day simple moving average is $19.60.

PagerDuty (NYSE:PD) last posted its quarterly earnings data 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. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 20.13%. The company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. During the same period in the prior year, the business earned ($0.18) earnings per share. PagerDuty’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

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.