SG Americas Securities LLC Has $525,000 Holdings in PagerDuty, Inc. (NYSE:PD)

SG Americas Securities LLC boosted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 339.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,303 shares of the company’s stock after purchasing an additional 21,856 shares during the period. SG Americas Securities LLC’s holdings in PagerDuty were worth $525,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PD. Benjamin F. Edwards & Company Inc. increased its stake in shares of PagerDuty by 6,298.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock valued at $1,270,000 after buying an additional 54,544 shares during the period. Clearline Capital LP bought a new stake in shares of PagerDuty in the 2nd quarter valued at $1,323,000. Natixis Advisors LLC lifted its position in shares of 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 during the period. Goldman Sachs Group Inc. grew its holdings in PagerDuty by 65.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock worth $52,911,000 after purchasing an additional 904,136 shares during the period. Finally, RGM Capital LLC grew its holdings in PagerDuty by 3.3% in the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after purchasing an additional 143,701 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the completion of the sale, the insider now owns 216,572 shares in the company, valued at approximately $3,924,284.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jennifer Tejada sold 14,512 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $22.00, for a total value of $319,264.00. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shelley Webb sold 6,246 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the transaction, the insider now directly owns 216,572 shares of the company’s stock, valued at $3,924,284.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,450 shares of company stock worth $862,262. Company insiders own 7.60% of the company’s stock.

PagerDuty Stock Performance

Shares of PD opened at $18.68 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 market cap of $1.79 billion, a PE ratio of -18.50 and a beta of 1.06. The stock has a 50-day moving average price of $18.49 and a 200-day moving average price of $20.02.

PagerDuty (NYSE:PD) last posted its quarterly earnings data 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 firm had revenue of $115.94 million during the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) EPS. As a group, equities analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PD has been the topic of several analyst reports. Canaccord Genuity Group cut their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research report 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. Bank of America lowered their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, Morgan Stanley decreased their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.91.

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.