American Century Companies Inc. Sells 1,355,092 Shares of PagerDuty, Inc. (NYSE:PD)

American Century Companies Inc. lessened its stake in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,482 shares of the company's stock after selling 1,355,092 shares during the period. American Century Companies Inc.'s holdings in PagerDuty were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP boosted its stake in PagerDuty by 86.5% during the 4th quarter. Quantbot Technologies LP now owns 93,381 shares of the company's stock valued at $1,705,000 after purchasing an additional 43,302 shares during the period. Vinva Investment Management Ltd bought a new position in PagerDuty during the fourth quarter worth $139,000. Globeflex Capital L P acquired a new position in PagerDuty during the 4th quarter valued at $496,000. Picton Mahoney Asset Management acquired a new stake in PagerDuty in the 4th quarter worth $58,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of PagerDuty by 22.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 13,700 shares of the company's stock valued at $247,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 97.26% of the company's stock.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of PagerDuty stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total value of $31,380.00. Following the sale, the chief executive officer now owns 868,311 shares of the company's stock, valued at $17,366,220. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PD. Morgan Stanley reduced their price objective on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Wednesday. Truist Financial dropped their target price on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, March 14th. Bank of America downgraded PagerDuty from a "buy" rating to an "underperform" rating and cut their price objective for the company from $23.00 to $18.00 in a research report on Thursday, January 30th. Royal Bank of Canada decreased their target price on PagerDuty from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Canaccord Genuity Group reduced their price target on shares of PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.55.

PagerDuty Trading Down 2.0 %

PD traded down $0.30 during midday trading on Thursday, reaching $14.79. 115,450 shares of the company were exchanged, compared to its average volume of 1,074,753. The stock has a market capitalization of $1.35 billion, a P/E ratio of -18.51 and a beta of 1.06. The stock's 50-day simple moving average is $17.60 and its 200 day simple moving average is $18.50. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97. PagerDuty, Inc. has a one year low of $14.40 and a one year high of $23.12.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.22 EPS for the quarter, beating 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 business had revenue of $121.45 million during the quarter, compared to analysts' expectations of $119.53 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts forecast that PagerDuty, Inc. will post -0.27 earnings per share for the current fiscal year.

PagerDuty announced that its board has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.