PagerDuty, Inc. (NYSE:PD) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,799 shares of the company's stock after selling 30,949 shares during the period. Stanley Laman Group Ltd. owned 0.25% of PagerDuty worth $4,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. ARK Investment Management LLC increased its position in PagerDuty by 12.5% in the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company's stock worth $243,156,000 after purchasing an additional 1,180,202 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in shares of PagerDuty in the 1st quarter worth about $11,083,000. RGM Capital LLC raised its position in shares of PagerDuty by 3.3% during the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company's stock valued at $103,286,000 after buying an additional 143,701 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of PagerDuty in the 2nd quarter valued at about $2,956,000. Finally, Cubist Systematic Strategies LLC grew its position in PagerDuty by 115.1% in 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 in the last quarter. Hedge funds and other institutional investors own 97.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PD. Craig Hallum decreased their price objective on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of PagerDuty from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley lowered 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. Scotiabank cut their price target on shares of PagerDuty from $23.00 to $18.00 and set a "sector perform" rating on the stock in a report on Wednesday, September 4th. Finally, TD Cowen dropped their target price on PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.91.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 14,512 shares of the business's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total value of $319,264.00. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at approximately $22,238,942. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Mitra Rezvan sold 2,942 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares of the company's stock, valued at $1,958,588.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Tejada sold 14,512 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $22.00, for a total value of $319,264.00. Following the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $22,238,942. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,450 shares of company stock valued at $862,262. 7.60% of the stock is currently owned by corporate insiders.

PagerDuty Stock Down 3.2 %

NYSE PD traded down $0.59 on Wednesday, reaching $17.62. 684,397 shares of the stock traded hands, compared to its average volume of 1,158,340. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $26.70. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. The company has a fifty day moving average price of $18.48 and a 200-day moving average price of $19.88. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -19.80 and a beta of 1.06.

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, 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 for the quarter, compared to analysts' expectations of $116.52 million. During the same period in the prior year, the business earned ($0.18) EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

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.