PagerDuty, Inc. (NYSE:PD) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,802,821 shares of the company's stock after purchasing an additional 536,763 shares during the period. Vanguard Group Inc. owned about 10.67% of PagerDuty worth $220,465,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PD. The Manufacturers Life Insurance Company raised its stake in PagerDuty by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 34,383 shares of the company's stock worth $913,000 after acquiring an additional 518 shares during the period. Arizona State Retirement System raised its stake in PagerDuty by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 24,941 shares of the company's stock worth $561,000 after acquiring an additional 563 shares during the period. Corton Capital Inc. raised its stake in PagerDuty by 6.4% during the 1st quarter. Corton Capital Inc. now owns 10,105 shares of the company's stock worth $353,000 after acquiring an additional 610 shares during the period. Diversified Trust Co raised its stake in PagerDuty by 4.2% during the 3rd quarter. Diversified Trust Co now owns 16,312 shares of the company's stock worth $367,000 after acquiring an additional 660 shares during the period. Finally, Capital Impact Advisors LLC raised its stake in PagerDuty by 3.3% during the 2nd quarter. Capital Impact Advisors LLC now owns 22,608 shares of the company's stock worth $508,000 after acquiring an additional 715 shares during the period. Institutional investors own 97.26% of the company's stock.

Insiders Place Their Bets

In other PagerDuty news, SVP Shelley Webb sold 5,519 shares of PagerDuty stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $21.40, for a total transaction of $118,106.60. Following the completion of the transaction, the senior vice president now directly owns 177,087 shares of the company's stock, valued at $3,789,661.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Howard Wilson sold 8,893 shares of PagerDuty stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the completion of the sale, the chief financial officer now directly owns 507,672 shares in the company, valued at $12,737,490.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Shelley Webb sold 5,519 shares of PagerDuty stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $21.40, for a total value of $118,106.60. Following the sale, the senior vice president now owns 177,087 shares of the company's stock, valued at $3,789,661.80. The disclosure for this sale can be found here. Insiders sold 54,298 shares of company stock valued at $1,364,392 over the last three months. 7.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America assumed coverage on shares of PagerDuty in a report on Thursday, December 14th. They set a "buy" rating and a $30.00 price objective for the company. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $30.00 to $27.00 and set a "buy" rating for the company in a report on Monday, March 18th. Truist Financial raised shares of PagerDuty from a "hold" rating to a "buy" rating and increased their price objective for the company from $25.00 to $30.00 in a report on Monday, March 18th. Robert W. Baird cut their price objective on shares of PagerDuty from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, March 15th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of PagerDuty in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.25.

PagerDuty Price Performance

Shares of PD stock traded up $0.70 on Friday, reaching $22.68. The company's stock had a trading volume of 1,350,537 shares, compared to its average volume of 1,314,361. The stock's fifty day simple moving average is $23.62 and its 200-day simple moving average is $22.73. PagerDuty, Inc. has a 1 year low of $19.18 and a 1 year high of $35.33. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -25.77 and a beta of 0.92.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). The business had revenue of $111.12 million during the quarter, compared to analysts' expectations of $110.50 million. PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. Analysts forecast that PagerDuty, Inc. will post -0.44 earnings per share for the current fiscal year.

PagerDuty Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.