Jackson Square Capital LLC Purchases Shares of 35,869 PagerDuty, Inc. (NYSE:PD)

Jackson Square Capital LLC acquired a new position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,869 shares of the company's stock, valued at approximately $665,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SteelPeak Wealth LLC lifted its holdings in PagerDuty by 186.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 25,043 shares of the company's stock valued at $465,000 after purchasing an additional 16,309 shares during the last quarter. Blue Trust Inc. raised its stake in PagerDuty by 33.7% in the 3rd quarter. Blue Trust Inc. now owns 11,858 shares of the company's stock worth $220,000 after purchasing an additional 2,986 shares in the last quarter. nVerses Capital LLC bought a new stake in PagerDuty in the 3rd quarter valued at about $176,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of PagerDuty by 67.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,524 shares of the company's stock worth $307,000 after purchasing an additional 6,671 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of PagerDuty by 339.0% during the 3rd quarter. SG Americas Securities LLC now owns 28,303 shares of the company's stock worth $525,000 after purchasing an additional 21,856 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

Insider Transactions at PagerDuty

In related news, insider Shelley Webb sold 6,246 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the completion of the transaction, the insider now owns 216,572 shares in the company, valued at $3,924,284.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shelley Webb sold 6,246 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the transaction, the insider now directly owns 216,572 shares of the company's stock, valued at $3,924,284.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 2,942 shares of PagerDuty stock in a transaction dated Wednesday, October 9th. The stock was 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 in the company, valued at $1,958,588.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,938 shares of company stock worth $542,998. Insiders own 7.60% of the company's stock.

PagerDuty Price Performance

PD stock traded up $0.40 during trading on Thursday, reaching $20.25. 844,254 shares of the company were exchanged, compared to its average volume of 1,130,856. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -22.75 and a beta of 1.07. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. The company has a 50-day moving average of $18.27 and a two-hundred day moving average of $19.65. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same period in the prior year, the business earned ($0.18) earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PD. Canaccord Genuity Group cut their price target on PagerDuty from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Craig Hallum cut their target price on PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their target price on PagerDuty from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped 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. Finally, Morgan Stanley cut their price objective on shares of PagerDuty from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, PagerDuty has a consensus rating of "Hold" and a consensus price target of $21.82.

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.