PagerDuty, Inc. (NYSE:PD) Stake Raised by Blue Trust Inc.

Blue Trust Inc. grew its holdings in PagerDuty, Inc. (NYSE:PD) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,872 shares of the company’s stock after purchasing an additional 1,254 shares during the period. Blue Trust Inc.’s holdings in PagerDuty were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. New York State Common Retirement Fund grew its stake in shares of PagerDuty by 1.5% in 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. CWM LLC boosted its stake in shares of PagerDuty by 7.2% during the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock worth $298,000 after acquiring an additional 868 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of PagerDuty by 6.9% during the 1st quarter. ProShare Advisors LLC now owns 16,045 shares of the company’s stock valued at $364,000 after acquiring an additional 1,034 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of PagerDuty by 12.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,354 shares of the company’s stock valued at $240,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in PagerDuty by 14.7% in the 1st quarter. Principal Financial Group Inc. now owns 12,005 shares of the company’s stock worth $272,000 after purchasing an additional 1,539 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PD shares. Scotiabank started coverage on PagerDuty in a report on Friday, June 28th. They issued a “sector perform” rating and a $23.00 target price on the stock. Canaccord Genuity Group dropped their price objective on shares of PagerDuty from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Craig Hallum upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $30.00 in a research note on Wednesday, June 12th. JPMorgan Chase & Co. initiated coverage on PagerDuty in a research note on Thursday, June 27th. They set a “neutral” rating and a $24.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on PagerDuty in a research report on Thursday, July 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.64.

Insider Transactions at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 14,512 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total transaction of $319,264.00. Following the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at approximately $22,238,942. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Howard Wilson sold 12,108 shares of PagerDuty stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $20.49, for a total transaction of $248,092.92. Following the completion of the sale, the chief financial officer now directly owns 594,202 shares of the company’s stock, valued at $12,175,198.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Tejada sold 14,512 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total value of $319,264.00. Following the completion of the sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at approximately $22,238,942. The disclosure for this sale can be found here. Insiders sold a total of 91,494 shares of company stock worth $1,940,293 over the last 90 days. 7.60% of the stock is owned by insiders.

PagerDuty Trading Down 1.1 %

PD opened at $19.21 on Monday. PagerDuty, Inc. has a 1-year low of $17.92 and a 1-year high of $26.70. The firm has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $21.50. The stock has a market capitalization of $1.84 billion, a PE ratio of -19.02 and a beta of 1.07. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.58.

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

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.