PagerDuty $PD Shares Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has increased its holdings in PagerDuty by 33.4% in the first quarter, owning approximately $3.77 million worth of the stock.
• Brokerages have mixed ratings for PagerDuty, with Cowen upgrading it to a "buy" rating and a price target increased to $22.00, while other firms, like TD Securities, have lowered their price targets.
• PagerDuty's recent earnings report showed $119.81 million in revenue, slightly exceeding estimates, and reported an earnings per share of $0.24, beating analyst consensus by $0.05.

Capital Fund Management S.A. boosted its holdings in PagerDuty (NYSE:PD - Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,370 shares of the company's stock after acquiring an additional 51,616 shares during the period. Capital Fund Management S.A. owned about 0.23% of PagerDuty worth $3,770,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in PagerDuty by 2,235.6% in the first quarter. Headlands Technologies LLC now owns 1,378 shares of the company's stock worth $25,000 after acquiring an additional 1,319 shares during the last quarter. KBC Group NV bought a new stake in shares of PagerDuty during the first quarter valued at approximately $33,000. Summit Securities Group LLC acquired a new position in shares of PagerDuty during the first quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PagerDuty in the 4th quarter worth approximately $130,000. Finally, Teacher Retirement System of Texas bought a new position in PagerDuty in the 1st quarter worth approximately $229,000. Institutional investors own 97.26% of the company's stock.

Analysts Set New Price Targets

PD has been the topic of several recent analyst reports. Truist Financial cut their target price on PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Cowen upgraded PagerDuty from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Wall Street Zen lowered PagerDuty from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Zacks Research upgraded PagerDuty to a "hold" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group reduced their price target on PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.75.

PagerDuty Price Performance

NYSE:PD traded down $0.06 during midday trading on Friday, hitting $16.86. 369,268 shares of the stock were exchanged, compared to its average volume of 1,463,374. PagerDuty has a one year low of $13.69 and a one year high of $21.98. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -42.16, a P/E/G ratio of 10.17 and a beta of 0.89. The business has a 50-day moving average price of $15.55 and a two-hundred day moving average price of $16.22. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70.

PagerDuty (NYSE:PD - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%.The firm had revenue of $119.81 million for the quarter, compared to analysts' expectations of $118.98 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts predict that PagerDuty will post -0.27 EPS for the current year.

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.