Susquehanna Fundamental Investments LLC Invests $2.60 Million in PagerDuty, Inc. (NYSE:PD)

Susquehanna Fundamental Investments LLC purchased a new position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 142,219 shares of the company's stock, valued at approximately $2,597,000. Susquehanna Fundamental Investments LLC owned approximately 0.16% of PagerDuty as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. AMI Asset Management Corp increased its stake in PagerDuty by 154.2% in the 4th quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock valued at $1,025,000 after buying an additional 34,063 shares during the last quarter. Franklin Resources Inc. increased its position in shares of PagerDuty by 5.4% in the third quarter. Franklin Resources Inc. now owns 32,915 shares of the company's stock valued at $614,000 after acquiring an additional 1,701 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in PagerDuty by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock worth $16,531,000 after acquiring an additional 100,207 shares in the last quarter. JPMorgan Chase & Co. boosted its position in PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock valued at $23,444,000 after purchasing an additional 936,257 shares during the last quarter. Finally, Barclays PLC grew its stake in PagerDuty by 24.2% in the third quarter. Barclays PLC now owns 901,120 shares of the company's stock valued at $16,716,000 after purchasing an additional 175,733 shares in the last quarter. Institutional investors own 97.26% of the company's stock.

Analysts Set New Price Targets

PD has been the subject of several analyst reports. Bank of America cut shares of PagerDuty from a "buy" rating to an "underperform" rating and decreased their target price for the company from $23.00 to $18.00 in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their price objective on shares of PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Morgan Stanley cut their target price on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their price target on PagerDuty from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, Canaccord Genuity Group cut their price objective on PagerDuty from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, PagerDuty presently has a consensus rating of "Hold" and a consensus target price of $20.55.

PagerDuty Stock Performance

Shares of PD traded down $0.05 during midday trading on Friday, reaching $15.50. 805,478 shares of the stock were exchanged, compared to its average volume of 1,079,706. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The stock's 50 day simple moving average is $16.82 and its 200 day simple moving average is $18.29. PagerDuty, Inc. has a twelve month low of $14.30 and a twelve month high of $23.12. The company has a market cap of $1.41 billion, a P/E ratio of -19.37 and a beta of 1.06.

PagerDuty (NYSE:PD - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $121.45 million for the quarter, compared to analyst estimates of $119.53 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that PagerDuty, Inc. will post -0.27 earnings per share for the current year.

PagerDuty declared that its Board of Directors has approved a share buyback program on Thursday, March 13th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

PagerDuty Company 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.