PagerDuty, Inc. (NYSE:PD) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 3.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,193,758 shares of the company’s stock after selling 171,650 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in PagerDuty were worth $95,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. FNY Investment Advisers LLC boosted its position in PagerDuty by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares during the last quarter. Resolute Advisors LLC purchased a new position in PagerDuty in the 4th quarter worth approximately $142,000. a16z Perennial Management L.P. purchased a new position in PagerDuty in the 4th quarter worth approximately $148,000. Neo Ivy Capital Management acquired a new position in shares of PagerDuty during the 4th quarter worth approximately $171,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of PagerDuty in the third quarter valued at approximately $206,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Down 0.3 %

Shares of NYSE:PD opened at $22.08 on Thursday. PagerDuty, Inc. has a 12-month low of $17.92 and a 12-month high of $26.70. The business has a 50-day moving average price of $20.60 and a 200 day moving average price of $22.39. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $111.17 million during the quarter, compared to analysts’ expectations of $111.74 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. As a group, analysts expect that PagerDuty, Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Robert W. Baird cut their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, March 15th. Craig Hallum raised shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $30.00 in a research report on Wednesday, June 12th. Canaccord Genuity Group dropped their price objective on shares of PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of PagerDuty in a research note on Thursday, June 27th. They set a “neutral” rating and a $24.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.90.

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.