Quantbot Technologies LP Makes New Investment in PagerDuty, Inc. (NYSE:PD)

Quantbot Technologies LP bought a new position in PagerDuty, Inc. (NYSE:PD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,079 shares of the company's stock, valued at approximately $929,000. Quantbot Technologies LP owned 0.05% of PagerDuty as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its stake in PagerDuty by 33.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock valued at $14,995,000 after buying an additional 202,382 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of PagerDuty during the third quarter worth about $1,645,000. Algert Global LLC boosted its holdings in shares of PagerDuty by 98.9% during the 3rd quarter. Algert Global LLC now owns 67,856 shares of the company's stock valued at $1,259,000 after purchasing an additional 33,740 shares during the last quarter. Intech Investment Management LLC purchased a new stake in PagerDuty during the third quarter valued at $444,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in PagerDuty by 4.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 489,905 shares of the company's stock worth $9,088,000 after acquiring an additional 21,126 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Stock Performance

PagerDuty stock traded up $0.50 during mid-day trading on Monday, reaching $21.74. 1,096,713 shares of the company were exchanged, compared to its average volume of 1,122,089. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. The firm's 50-day simple moving average is $18.87 and its two-hundred day simple moving average is $19.59. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The firm has a market cap of $2.02 billion, a PE ratio of -26.55 and a beta of 1.07.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. PagerDuty had a negative return on equity of 20.13% and a negative net margin of 16.29%. The company had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. During the same period in the previous year, the business earned ($0.18) earnings per share. PagerDuty's quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of PagerDuty from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Craig Hallum reduced their price target on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Bank of America lowered their price target on PagerDuty from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. The Goldman Sachs Group decreased their target price on PagerDuty from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada increased their price objective on shares of PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.00.

Insider Buying and Selling

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares in the company, valued at $1,958,588.94. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shelley Webb sold 6,246 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total transaction of $113,177.52. Following the transaction, the insider now owns 216,572 shares in the company, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,396 shares of company stock valued at $1,733,561. 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.