PagerDuty, Inc. (NYSE:PD) Stock Position Raised by Glenmede Trust Co. NA

Glenmede Trust Co. NA boosted its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 721,633 shares of the company's stock after purchasing an additional 75,771 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.78% of PagerDuty worth $13,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PD. ARK Investment Management LLC increased its stake in PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company's stock worth $243,156,000 after acquiring an additional 1,180,202 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in PagerDuty by 33.4% during the third quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock worth $14,995,000 after acquiring an additional 202,382 shares during the last quarter. RGM Capital LLC increased its stake in PagerDuty by 3.3% during the second quarter. RGM Capital LLC now owns 4,504,394 shares of the company's stock worth $103,286,000 after acquiring an additional 143,701 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in PagerDuty during the second quarter worth about $2,956,000. Finally, Cubist Systematic Strategies LLC increased its stake in PagerDuty by 115.1% during the second quarter. Cubist Systematic Strategies LLC now owns 217,543 shares of the company's stock worth $4,988,000 after acquiring an additional 116,422 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Performance

Shares of PagerDuty stock traded up $0.23 on Friday, reaching $21.24. 816,945 shares of the company were exchanged, compared to its average volume of 1,122,455. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The company's 50-day moving average is $18.81 and its two-hundred day moving average is $19.61. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70.

PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share 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 business had revenue of $115.94 million for the quarter, compared to analysts' expectations of $116.52 million. During the same period in the prior year, the firm earned ($0.18) EPS. The business's quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on PD. Craig Hallum dropped their price target on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Bank of America decreased their target price on PagerDuty from $28.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Canaccord Genuity Group decreased their target price on PagerDuty from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their target price on PagerDuty from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, TD Cowen reduced their price target on PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, PagerDuty presently has a consensus rating of "Hold" and an average target price of $22.00.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total transaction of $375,750.00. Following the completion of the transaction, the chief executive officer now directly owns 907,631 shares of the company's stock, valued at approximately $18,188,925.24. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief accounting officer now directly owns 108,449 shares of the company's stock, valued at approximately $1,958,588.94. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,396 shares of company stock worth $1,733,561 in the last three months. 7.60% of the stock is owned by company 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.