Vestmark Advisory Solutions Inc. Makes New $6.78 Million Investment in PagerDuty, Inc. (NYSE:PD)

Vestmark Advisory Solutions Inc. bought a new position in PagerDuty, Inc. (NYSE:PD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 292,767 shares of the company's stock, valued at approximately $6,778,000. Vestmark Advisory Solutions Inc. owned about 0.32% of PagerDuty at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of PagerDuty by 1.5% during the 4th quarter. New York State Common Retirement Fund now owns 36,356 shares of the company's stock valued at $842,000 after buying an additional 532 shares in the last quarter. Arizona State Retirement System increased its holdings in PagerDuty by 2.3% during the third quarter. Arizona State Retirement System now owns 24,941 shares of the company's stock valued at $561,000 after buying an additional 563 shares during the period. Diversified Trust Co raised its stake in PagerDuty by 4.2% in the third quarter. Diversified Trust Co now owns 16,312 shares of the company's stock worth $367,000 after buying an additional 660 shares in the last quarter. Renaissance Group LLC lifted its holdings in PagerDuty by 1.1% during the third quarter. Renaissance Group LLC now owns 80,393 shares of the company's stock worth $1,802,000 after buying an additional 873 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in shares of PagerDuty by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company's stock worth $46,000 after purchasing an additional 1,000 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PD. Truist Financial raised PagerDuty from a "hold" rating to a "buy" rating and upped their price target for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. Robert W. Baird dropped their price objective on shares of PagerDuty from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, March 15th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $30.00 target price on shares of PagerDuty in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, PagerDuty has a consensus rating of "Moderate Buy" and an average target price of $27.25.

PagerDuty Stock Performance

Shares of NYSE:PD traded down $0.05 during midday trading on Friday, reaching $20.39. The company's stock had a trading volume of 835,124 shares, compared to its average volume of 1,100,801. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. The stock has a fifty day moving average of $22.24 and a 200 day moving average of $22.61. PagerDuty, Inc. has a twelve month low of $19.18 and a twelve month high of $29.97. The firm has a market capitalization of $1.89 billion, a PE ratio of -23.17 and a beta of 0.93.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,859 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total transaction of $153,573.01. Following the transaction, the insider now directly owns 253,439 shares of the company's stock, valued at $5,674,499.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Howard Wilson sold 8,893 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shelley Webb sold 6,859 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total value of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares in the company, valued at approximately $5,674,499.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,967 shares of company stock valued at $424,587. Corporate insiders own 7.90% of the company's stock.

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.