Intech Investment Management LLC Invests $444,000 in PagerDuty, Inc. (NYSE:PD)

Intech Investment Management LLC acquired a new position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,947 shares of the company's stock, valued at approximately $444,000.

A number of other hedge funds also recently bought and sold shares of the business. ARK Investment Management LLC boosted its holdings in shares of PagerDuty by 12.5% in the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company's stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the period. RGM Capital LLC raised its holdings in shares of PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company's stock valued at $103,286,000 after purchasing an additional 143,701 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PagerDuty by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company's stock valued at $17,789,000 after purchasing an additional 54,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in PagerDuty by 4.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 489,905 shares of the company's stock valued at $9,088,000 after buying an additional 21,126 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in PagerDuty by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 358,403 shares of the company's stock worth $8,218,000 after buying an additional 4,631 shares during the period. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Trading Down 1.9 %

Shares of NYSE PD traded down $0.42 during mid-day trading on Tuesday, hitting $21.23. The company had a trading volume of 3,254,748 shares, compared to its average volume of 1,133,252. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. The company has a quick ratio of 2.13, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The business's 50-day simple moving average is $18.94 and its 200 day simple moving average is $19.60.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 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 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.18) EPS. Equities analysts anticipate that PagerDuty, Inc. will post -0.27 EPS for the current year.

Insider Transactions at PagerDuty

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction 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. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shelley Webb sold 6,246 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now owns 216,572 shares of the company's stock, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,396 shares of company stock worth $1,733,561. 7.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PD shares. Morgan Stanley reduced their target price on shares of PagerDuty from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut their price target on PagerDuty from $22.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Bank of America decreased their price objective 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. The Goldman Sachs Group reduced their price objective on PagerDuty from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Finally, Craig Hallum lowered their price target on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.00.

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.