Acadian Asset Management LLC Buys 24,577 Shares of PagerDuty $PD

Key Points

• Acadian Asset Management LLC increased its stake in PagerDuty by 76.3% in the first quarter, owning approximately 0.06% of the company valued at $1,036,000.
• PagerDuty's stock price rose 3.3% on Thursday, reaching $16.44, with shares trading between a fifty-two week low of $13.69 and a high of $21.98.
• Wall Street analysts have mixed ratings for PagerDuty, with five analysts rating it as a "Buy", while the stock has an average consensus price target of $18.70.

Acadian Asset Management LLC grew its position in PagerDuty (NYSE:PD - Free Report) by 76.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,790 shares of the company's stock after acquiring an additional 24,577 shares during the period. Acadian Asset Management LLC owned 0.06% of PagerDuty worth $1,036,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PagerDuty by 1.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company's stock valued at $930,000 after acquiring an additional 586 shares during the last quarter. Millennium Management LLC increased its holdings in shares of PagerDuty by 40.1% in the fourth quarter. Millennium Management LLC now owns 646,764 shares of the company's stock valued at $11,810,000 after purchasing an additional 185,224 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of PagerDuty by 0.9% in the fourth quarter. Nuveen Asset Management LLC now owns 622,940 shares of the company's stock valued at $11,375,000 after purchasing an additional 5,466 shares in the last quarter. Man Group plc acquired a new stake in shares of PagerDuty in the fourth quarter valued at approximately $388,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of PagerDuty in the fourth quarter valued at approximately $754,000. Institutional investors own 97.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PD. Royal Bank Of Canada lowered their price target on shares of PagerDuty from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. JPMorgan Chase & Co. lowered their price target on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, May 30th. Truist Financial lowered their price target on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a report on Friday, May 30th. Canaccord Genuity Group lowered their price target on shares of PagerDuty from $21.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Finally, Cowen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, PagerDuty presently has a consensus rating of "Hold" and a consensus target price of $18.70.

PagerDuty Stock Down 0.7%

PD traded down $0.11 during trading on Friday, hitting $16.32. The company had a trading volume of 2,715,361 shares, compared to its average volume of 2,503,167. The company has a market capitalization of $1.52 billion, a PE ratio of -102.00, a PEG ratio of 13.23 and a beta of 0.88. PagerDuty has a one year low of $13.69 and a one year high of $21.98. The firm's 50-day moving average price is $15.90 and its 200 day moving average price is $15.98. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 2.18.

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.