Vestmark Advisory Solutions Inc. Has $3.74 Million Position in PagerDuty (NYSE:PD)

Key Points

• Vestmark Advisory Solutions Inc. reduced its stake in PagerDuty by 20.3%, owning approximately 204,464 shares worth $3.74 million after selling 52,104 shares in the first quarter.
• PagerDuty reported $0.24 earnings per share for the last quarter, exceeding analysts' expectations of $0.19, and had revenues of $119.81 million, reflecting a 7.8% year-over-year increase.
• Analyst ratings show a mixed outlook with target prices reduced by firms like Truist Financial and JPMorgan Chase, with the consensus rating currently at "Hold" and a target price of $19.75.

Vestmark Advisory Solutions Inc. trimmed its stake in shares of PagerDuty (NYSE:PD - Free Report) by 20.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,464 shares of the company's stock after selling 52,104 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.22% of PagerDuty worth $3,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. ARK Investment Management LLC increased its position in PagerDuty by 1.9% during the 1st quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company's stock worth $167,551,000 after purchasing an additional 174,501 shares in the last quarter. Janus Henderson Group PLC grew its holdings in PagerDuty by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock worth $55,817,000 after acquiring an additional 61,456 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in PagerDuty by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company's stock worth $18,456,000 after acquiring an additional 104,838 shares during the last quarter. Barclays PLC grew its holdings in PagerDuty by 2.0% during the 4th quarter. Barclays PLC now owns 918,762 shares of the company's stock worth $16,777,000 after acquiring an additional 17,642 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in PagerDuty by 4.0% during the 4th quarter. Northern Trust Corp now owns 907,074 shares of the company's stock worth $16,563,000 after acquiring an additional 35,026 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Trading Up 1.7%

NYSE:PD opened at $15.75 on Friday. The firm's fifty day moving average is $15.29 and its 200-day moving average is $16.38. 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 52 week low of $13.69 and a 52 week high of $21.98. The firm has a market cap of $1.43 billion, a P/E ratio of -39.38, a P/E/G ratio of 9.29 and a beta of 0.89.

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

Analyst Ratings Changes

PD has been the topic of a number of research reports. Truist Financial reduced their target price on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, May 30th. 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. TD Securities reduced their target price on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Royal Bank Of Canada reduced their target price on shares of PagerDuty from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Finally, Cowen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.75.

PagerDuty 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.

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