PagerDuty (NYSE:PD) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in PagerDuty (NYSE:PD - Free Report) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,931 shares of the company's stock after selling 35,845 shares during the period. Massachusetts Financial Services Co. MA owned 0.23% of PagerDuty worth $3,799,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of PagerDuty during the fourth quarter valued at approximately $6,574,000. PNC Financial Services Group Inc. grew its stake in shares of PagerDuty by 24.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company's stock valued at $184,000 after buying an additional 1,965 shares during the last quarter. Vinva Investment Management Ltd bought a new position in shares of PagerDuty during the fourth quarter valued at approximately $139,000. Quantbot Technologies LP grew its stake in shares of PagerDuty by 86.5% during the fourth quarter. Quantbot Technologies LP now owns 93,381 shares of the company's stock valued at $1,705,000 after buying an additional 43,302 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of PagerDuty during the fourth quarter valued at approximately $352,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Trading Up 0.9%

Shares of PD traded up $0.13 during mid-day trading on Wednesday, reaching $14.77. The company had a trading volume of 575,920 shares, compared to its average volume of 1,129,814. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -36.91, a price-to-earnings-growth ratio of 8.78 and a beta of 0.89. The firm has a fifty day simple moving average of $15.29 and a 200-day simple moving average of $16.68. PagerDuty has a fifty-two week low of $13.70 and a fifty-two week high of $22.02. 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 quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The company had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. PagerDuty's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. On average, sell-side analysts anticipate that PagerDuty will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

PD has been the subject of a number of analyst reports. Truist Financial lowered their target price on 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 target price on PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a report on Monday, June 2nd. Morgan Stanley lowered their target price on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, May 30th. Finally, Royal Bank Of Canada reduced their target price on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, PagerDuty currently has a consensus rating of "Hold" and a consensus target price of $19.50.

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.