PagerDuty, Inc. (NYSE:PD) Position Trimmed by Amundi

Amundi decreased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,234 shares of the company’s stock after selling 17,655 shares during the period. Amundi’s holdings in PagerDuty were worth $252,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC bought a new position in shares of PagerDuty during the fourth quarter worth about $43,000. Quarry LP grew its position in shares of PagerDuty by 98.3% during the third quarter. Quarry LP now owns 2,792 shares of the company’s stock worth $52,000 after acquiring an additional 1,384 shares during the last quarter. Fred Alger Management LLC grew its position in shares of PagerDuty by 63.7% during the third quarter. Fred Alger Management LLC now owns 4,097 shares of the company’s stock worth $76,000 after acquiring an additional 1,594 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of PagerDuty during the third quarter worth about $163,000. Finally, PNC Financial Services Group Inc. grew its position in shares of PagerDuty by 24.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company’s stock worth $184,000 after acquiring an additional 1,965 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

Insider Buying and Selling at PagerDuty

In other news, insider Shelley Webb sold 7,879 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the sale, the insider now directly owns 199,122 shares of the company’s stock, valued at $3,622,029.18. This represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Tejada sold 1,569 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total transaction of $31,380.00. Following the completion of the sale, the chief executive officer now directly owns 868,311 shares of the company’s stock, valued at $17,366,220. This trade represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,048 shares of company stock valued at $186,699. 7.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America lowered shares of PagerDuty from a “buy” rating to an “underperform” rating and decreased their target price for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. Canaccord Genuity Group decreased their target price on shares of PagerDuty from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Royal Bank of Canada decreased their target price on shares of PagerDuty from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Truist Financial decreased their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, The Goldman Sachs Group decreased their target price on shares of PagerDuty from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, PagerDuty has an average rating of “Hold” and a consensus target price of $20.73.

PagerDuty Price Performance

Shares of NYSE PD opened at $18.87 on Friday. PagerDuty, Inc. has a twelve month low of $15.49 and a twelve month high of $23.40. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -23.59 and a beta of 1.12. The firm has a 50-day moving average of $18.34 and a two-hundred day moving average of $18.65.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The company had revenue of $121.45 million during the quarter, compared to the consensus estimate of $119.53 million. During the same period in the prior year, the company earned $0.17 EPS. PagerDuty’s revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that PagerDuty, Inc. will post -0.27 earnings per share for the current fiscal year.

PagerDuty declared that its board has approved a share repurchase program on Thursday, March 13th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.