Natixis Advisors LLC Has $712,000 Stock Position in PagerDuty, Inc. (NYSE:PD)

Natixis Advisors LLC lessened its stake in shares of PagerDuty, Inc. (NYSE:PD) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,407 shares of the company’s stock after selling 1,326 shares during the period. Natixis Advisors LLC’s holdings in PagerDuty were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PD. ARK Investment Management LLC grew its holdings in shares of PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after acquiring an additional 1,180,202 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PagerDuty by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after buying an additional 33,454 shares during the last quarter. RGM Capital LLC raised its position in PagerDuty by 3.3% during the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after acquiring an additional 143,701 shares in the last quarter. Bank of New York Mellon Corp grew its position in PagerDuty by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock worth $17,789,000 after acquiring an additional 54,841 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in shares of PagerDuty by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 358,403 shares of the company’s stock valued at $8,218,000 after purchasing an additional 4,631 shares in the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Robert W. Baird reduced their price objective on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Craig Hallum lowered their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America dropped their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Royal Bank of Canada upped their price target on shares of PagerDuty from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

PagerDuty Price Performance

PagerDuty stock opened at $21.01 on Thursday. The firm has a market capitalization of $1.96 billion, a P/E ratio of -23.61 and a beta of 1.07. The business has a 50-day moving average of $18.75 and a 200-day moving average of $19.60. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70.

PagerDuty (NYSE:PD) last issued its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The firm had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that PagerDuty, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling

In other news, insider Shelley Webb sold 6,246 shares of PagerDuty stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the transaction, the insider now directly owns 216,572 shares in the company, valued at approximately $3,924,284.64. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,396 shares of company stock valued at $1,733,561. Company insiders own 7.60% of the company’s stock.

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.