Cubist Systematic Strategies LLC Acquires 25,552 Shares of PagerDuty $PD

Key Points

• Cubist Systematic Strategies LLC increased its stake in PagerDuty by 3.6%, owning approximately 0.81% of the company worth $13.4 million as of the latest SEC filing.
• Currently, PagerDuty has a market capitalization of $1.52 billion, with shares trading around $16.72, down 1.2% recently, amid a 52-week range of $13.69 to $21.98.
• Analysts have mixed ratings on PagerDuty, with six "buy," six "hold," and two "sell" ratings, and a recent average price target of $19.75.

Cubist Systematic Strategies LLC increased its stake in shares of PagerDuty (NYSE:PD - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,706 shares of the company's stock after purchasing an additional 25,552 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.81% of PagerDuty worth $13,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of PagerDuty by 1.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company's stock worth $930,000 after buying an additional 586 shares in the last quarter. Headlands Technologies LLC increased its holdings in PagerDuty by 2,235.6% in the 1st quarter. Headlands Technologies LLC now owns 1,378 shares of the company's stock worth $25,000 after purchasing an additional 1,319 shares in the last quarter. Summit Securities Group LLC acquired a new position in PagerDuty in the 1st quarter worth about $33,000. KBC Group NV bought a new position in PagerDuty in the first quarter valued at about $33,000. Finally, Cetera Investment Advisers boosted its stake in shares of PagerDuty by 22.5% during the first quarter. Cetera Investment Advisers now owns 15,946 shares of the company's stock valued at $291,000 after purchasing an additional 2,928 shares in the last quarter. Institutional investors own 97.26% of the company's stock.

PagerDuty Trading Down 0.5%

Shares of NYSE PD traded down $0.09 during midday trading on Friday, reaching $16.48. The stock had a trading volume of 2,392,171 shares, compared to its average volume of 2,822,293. The company's 50 day moving average price is $15.77 and its 200 day moving average price is $16.10. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.02 and a current ratio of 2.02. PagerDuty has a twelve month low of $13.69 and a twelve month high of $21.98. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -103.01, a price-to-earnings-growth ratio of 9.94 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on PagerDuty from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, May 30th. Cowen upgraded shares of PagerDuty from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Robert W. Baird dropped their price target on shares of PagerDuty from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wall Street Zen upgraded PagerDuty from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 31st. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, PagerDuty currently has a consensus rating of "Hold" and an average price target of $18.70.

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.