Algert Global LLC Has $782,000 Stock Position in PagerDuty, Inc. (NYSE:PD)

Algert Global LLC boosted its stake in shares of PagerDuty, Inc. (NYSE:PD) by 236.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,116 shares of the company’s stock after purchasing an additional 23,966 shares during the period. Algert Global LLC’s holdings in PagerDuty were worth $782,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after acquiring an additional 508 shares during the period. Fred Alger Management LLC lifted its stake in PagerDuty by 170.6% in the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares during the last quarter. Cambridge Trust Co. acquired a new stake in PagerDuty in the 1st quarter valued at about $68,000. Headlands Technologies LLC bought a new position in PagerDuty during the second quarter worth about $114,000. Finally, Neo Ivy Capital Management acquired a new position in PagerDuty during the fourth quarter worth approximately $171,000. 97.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PD shares. Royal Bank of Canada cut their price objective on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. TD Cowen reduced their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. dropped 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 reduced their target price on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Finally, Bank of America lowered their price target on shares of PagerDuty from $28.00 to $23.00 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 company. According to data from MarketBeat, PagerDuty currently has a consensus rating of “Hold” and a consensus price target of $21.91.

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50. Following the sale, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $20,308,197.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Howard Wilson sold 12,108 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total transaction of $248,092.92. Following the completion of the transaction, the chief financial officer now owns 594,202 shares of the company’s stock, valued at $12,175,198.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,512 shares of company stock valued at $2,190,991. 7.60% of the stock is owned by corporate insiders.

PagerDuty Stock Performance

Shares of NYSE:PD opened at $18.05 on Friday. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The company’s 50 day moving average price is $18.76 and its two-hundred day moving average price is $20.24. The firm has a market cap of $1.73 billion, a PE ratio of -17.87 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $115.94 million for 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 firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Equities research analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

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.