Choreo LLC Lowers Stake in PagerDuty (NYSE:PD)

Choreo LLC trimmed its position in PagerDuty (NYSE:PD - Free Report) by 48.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,108 shares of the company's stock after selling 19,577 shares during the period. Choreo LLC's holdings in PagerDuty were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PD. Northern Trust Corp grew its position in shares of PagerDuty by 4.0% during the 4th quarter. Northern Trust Corp now owns 907,074 shares of the company's stock valued at $16,563,000 after acquiring an additional 35,026 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of PagerDuty during the 4th quarter valued at approximately $352,000. Teacher Retirement System of Texas bought a new position in shares of PagerDuty during the 1st quarter valued at approximately $229,000. Scalar Gauge Management LLC bought a new position in shares of PagerDuty during the 4th quarter valued at approximately $5,993,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of PagerDuty by 0.9% during the 4th quarter. Nuveen Asset Management LLC now owns 622,940 shares of the company's stock valued at $11,375,000 after buying an additional 5,466 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on PD shares. Cowen upgraded shares of PagerDuty from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, May 30th. TD Securities dropped their price target on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price target on shares of PagerDuty from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Finally, TD Cowen upgraded shares of PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.75.

PagerDuty Price Performance

NYSE PD traded down $0.57 on Friday, hitting $15.55. The stock had a trading volume of 1,098,960 shares, compared to its average volume of 1,345,241. PagerDuty has a 52-week low of $13.69 and a 52-week high of $21.98. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -38.88, a price-to-earnings-growth ratio of 9.78 and a beta of 0.89. The firm has a 50-day moving average of $15.26 and a 200-day moving average of $16.61.

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

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.