PagerDuty, Inc. (NYSE:PD) Shares Sold by Duality Advisers LP

Duality Advisers LP lessened its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,987 shares of the company’s stock after selling 1,843 shares during the period. Duality Advisers LP owned approximately 0.07% of PagerDuty worth $1,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC grew its holdings in PagerDuty by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after purchasing an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of PagerDuty in the third quarter valued at $80,000. FDx Advisors Inc. purchased a new stake in shares of PagerDuty in the third quarter valued at $203,000. Axxcess Wealth Management LLC purchased a new stake in shares of PagerDuty in the third quarter valued at $206,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of PagerDuty in the third quarter valued at $209,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PD. Canaccord Genuity Group reduced their price objective on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Robert W. Baird reduced their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and increased their target price for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 target price on shares of PagerDuty in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

PagerDuty Trading Down 1.4 %

PD stock opened at $20.33 on Tuesday. PagerDuty, Inc. has a 1 year low of $19.18 and a 1 year high of $34.22. The stock has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $22.64. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 2.61.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The firm had revenue of $111.12 million during the quarter, compared to analyst estimates of $110.50 million. PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. Sell-side analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CFO Howard Wilson sold 8,893 shares of PagerDuty stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the sale, the chief financial officer now owns 507,672 shares of the company’s stock, valued at approximately $12,737,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Howard Wilson sold 8,893 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the transaction, the chief financial officer now directly owns 507,672 shares in the company, valued at $12,737,490.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the transaction, the chief accounting officer now owns 119,452 shares in the company, valued at $2,582,552.24. The disclosure for this sale can be found here. Insiders have sold 17,967 shares of company stock valued at $424,587 in the last quarter. Corporate insiders own 7.90% 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.