Janus Henderson Group PLC Sells 309,223 Shares of PagerDuty, Inc. (NYSE:PD)

Janus Henderson Group PLC reduced its stake in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,995,339 shares of the company's stock after selling 309,223 shares during the period. Janus Henderson Group PLC owned 3.22% of PagerDuty worth $55,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PD. ARK Investment Management LLC raised its stake in shares of PagerDuty by 12.5% in the 2nd 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 in the last quarter. RGM Capital LLC grew its position in shares of PagerDuty by 1.3% in the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company's stock worth $84,668,000 after acquiring an additional 59,902 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock valued at $14,995,000 after acquiring an additional 202,382 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of PagerDuty by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company's stock valued at $17,789,000 after acquiring an additional 54,841 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in PagerDuty by 11.7% during the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock worth $13,386,000 after purchasing an additional 75,771 shares during the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jennifer Tejada sold 38,392 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value of $769,759.60. Following the transaction, the chief executive officer now directly owns 907,631 shares in the company, valued at approximately $18,198,001.55. This trade represents a 4.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the transaction, the chief financial officer now owns 545,742 shares in the company, valued at $10,925,754.84. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 insiders.

PagerDuty Trading Up 1.3 %

Shares of PagerDuty stock traded up $0.28 during trading on Friday, hitting $21.27. The stock had a trading volume of 994,718 shares, compared to its average volume of 1,143,679. 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 company has a market capitalization of $1.92 billion, a PE ratio of -26.24 and a beta of 1.09. The stock has a 50 day simple moving average of $19.14 and a 200 day simple moving average of $19.62.

PagerDuty (NYSE:PD - Get Free Report) last issued its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The company had revenue of $115.94 million during the quarter, compared to analyst estimates of $116.52 million. During the same quarter last year, the business posted ($0.18) EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts expect that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PD. 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 note on Wednesday, September 4th. TD Cowen reduced their price objective on shares of PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Royal Bank of Canada raised their target price on shares of PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price target on shares of PagerDuty from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley decreased their price objective 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.