Schonfeld Strategic Advisors LLC Sells 17,162 Shares of PagerDuty, Inc. (NYSE:PD)

Schonfeld Strategic Advisors LLC trimmed its position in PagerDuty, Inc. (NYSE:PD - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,030 shares of the company's stock after selling 17,162 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.08% of PagerDuty worth $1,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PD. JPMorgan Chase & Co. boosted its holdings in shares of PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock worth $23,444,000 after purchasing an additional 936,257 shares during the period. Barclays PLC lifted its holdings in PagerDuty by 2.0% in the fourth quarter. Barclays PLC now owns 918,762 shares of the company's stock worth $16,777,000 after buying an additional 17,642 shares during the period. Northern Trust Corp raised its position in shares of PagerDuty by 4.0% in 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of PagerDuty by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock worth $16,531,000 after buying an additional 100,207 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of PagerDuty by 7.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company's stock valued at $15,051,000 after purchasing an additional 55,233 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Price Performance

PD traded up $0.48 on Monday, hitting $16.39. 188,176 shares of the company's stock traded hands, compared to its average volume of 1,080,855. PagerDuty, Inc. has a one year low of $14.30 and a one year high of $23.12. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -20.45 and a beta of 0.99. The company's 50 day simple moving average is $16.55 and its 200-day simple moving average is $18.16.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $121.45 million during the quarter, compared to analysts' expectations of $119.53 million. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. PagerDuty's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. As a group, research analysts anticipate that PagerDuty, Inc. will post -0.27 EPS for the current year.

PagerDuty announced that its Board of Directors has initiated a share repurchase program on Thursday, March 13th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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