Barclays PLC Has $16.78 Million Stock Position in PagerDuty, Inc. (NYSE:PD)

Barclays PLC boosted its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 918,762 shares of the company's stock after acquiring an additional 17,642 shares during the period. Barclays PLC owned about 1.02% of PagerDuty worth $16,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. AMI Asset Management Corp lifted its position in PagerDuty by 154.2% in the 4th quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock valued at $1,025,000 after purchasing an additional 34,063 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PagerDuty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock worth $39,915,000 after buying an additional 37,147 shares during the period. Franklin Resources Inc. grew its holdings in PagerDuty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company's stock worth $614,000 after buying an additional 1,701 shares in the last quarter. Bank of New York Mellon Corp increased its position in PagerDuty by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock valued at $16,531,000 after acquiring an additional 100,207 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in PagerDuty by 285.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock valued at $23,444,000 after acquiring an additional 936,257 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PD has been the topic of a number of research analyst reports. Bank of America lowered PagerDuty from a "buy" rating to an "underperform" rating and lowered their price target for the company from $23.00 to $18.00 in a report on Thursday, January 30th. Morgan Stanley reduced their price target on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group lowered their price objective on shares of PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group cut their target price on PagerDuty from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Truist Financial lowered their price target on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.55.

PagerDuty Stock Up 4.1 %

Shares of PagerDuty stock traded up $0.61 during midday trading on Thursday, hitting $15.67. The company's stock had a trading volume of 682,445 shares, compared to its average volume of 1,073,016. PagerDuty, Inc. has a 1-year low of $14.30 and a 1-year high of $23.12. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $1.43 billion, a P/E ratio of -19.59 and a beta of 1.06. The stock has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $18.39.

PagerDuty (NYSE:PD - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $121.45 million for the quarter, compared to analysts' expectations of $119.53 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. As a group, sell-side analysts expect that PagerDuty, Inc. will post -0.27 earnings per share for the current year.

PagerDuty announced that its board has initiated a stock buyback program on Thursday, March 13th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO Jennifer Tejada sold 1,569 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the transaction, the chief executive officer now owns 868,311 shares in the company, valued at approximately $17,366,220. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is owned by corporate insiders.

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.