CANADA LIFE ASSURANCE Co Has $3.77 Million Stock Position in PagerDuty, Inc. (NYSE:PD)

CANADA LIFE ASSURANCE Co decreased its position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,414 shares of the company's stock after selling 45,778 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.23% of PagerDuty worth $3,765,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PD. Venturi Wealth Management LLC bought a new position in shares of PagerDuty in the fourth quarter worth $43,000. Picton Mahoney Asset Management bought a new stake in shares of PagerDuty during the 4th quarter worth about $58,000. Vinva Investment Management Ltd acquired a new stake in shares of PagerDuty in the 4th quarter worth approximately $139,000. PNC Financial Services Group Inc. boosted its holdings in shares of PagerDuty by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company's stock valued at $184,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in PagerDuty by 22.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 13,700 shares of the company's stock worth $247,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 97.26% of the company's stock.

Wall Street Analyst Weigh In

PD has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price target on PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Truist Financial reduced their price objective 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. Royal Bank of Canada reduced their target price on shares of PagerDuty from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Morgan Stanley dropped their price target on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America lowered PagerDuty from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $23.00 to $18.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, PagerDuty has an average rating of "Hold" and a consensus price target of $20.55.

PagerDuty Stock Up 0.2 %

Shares of PagerDuty stock traded up $0.04 during midday trading on Thursday, hitting $15.55. The company's stock had a trading volume of 333,526 shares, compared to its average volume of 1,075,730. The firm has a market capitalization of $1.42 billion, a P/E ratio of -19.48 and a beta of 1.06. PagerDuty, Inc. has a 1-year low of $14.30 and a 1-year high of $23.12. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The stock has a 50-day simple moving average of $16.87 and a 200-day simple moving average of $18.31.

PagerDuty (NYSE:PD - Get Free Report) last issued its 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. The company had revenue of $121.45 million for the quarter, compared to the consensus estimate of $119.53 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, sell-side analysts expect that PagerDuty, Inc. will post -0.27 earnings per share for the current year.

PagerDuty announced that its board has initiated a stock buyback program on Thursday, March 13th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

PagerDuty Company 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.