22,500 Shares in PagerDuty, Inc. (NYSE:PD) Acquired by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,500 shares of the company's stock, valued at approximately $411,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in PagerDuty by 40.1% in the fourth quarter. Millennium Management LLC now owns 646,764 shares of the company's stock valued at $11,810,000 after purchasing an additional 185,224 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PagerDuty by 1.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company's stock worth $930,000 after purchasing an additional 586 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of PagerDuty by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock valued at $55,817,000 after acquiring an additional 61,456 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of PagerDuty by 0.5% in the 4th quarter. Deutsche Bank AG now owns 799,051 shares of the company's stock valued at $14,591,000 after acquiring an additional 3,691 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in PagerDuty by 44.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 709,154 shares of the company's stock worth $12,949,000 after buying an additional 218,674 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Stock Down 1.5%

Shares of PD traded down $0.25 during mid-day trading on Monday, reaching $16.60. The company had a trading volume of 173,669 shares, compared to its average volume of 1,083,964. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -20.75 and a beta of 0.99. PagerDuty, Inc. has a 52 week low of $14.30 and a 52 week high of $23.12. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50-day moving average price of $16.51 and a 200 day moving average price of $18.11.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The business had revenue of $121.45 million during the quarter, compared to the consensus estimate of $119.53 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business's revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that PagerDuty, Inc. will post -0.27 EPS for the current year.

PagerDuty declared that its Board of Directors has authorized a share repurchase program on Thursday, March 13th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PD. Royal Bank of Canada decreased their target price on PagerDuty from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group decreased their price target on PagerDuty from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Truist Financial dropped their price target on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group dropped their price target on PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, Bank of America cut PagerDuty from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.55.

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.