Allspring Global Investments Holdings LLC Sells 28,500 Shares of PagerDuty, Inc. (NYSE:PD)

Allspring Global Investments Holdings LLC trimmed its position in PagerDuty, Inc. (NYSE:PD - Free Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 769,017 shares of the company's stock after selling 28,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.83% of PagerDuty worth $14,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its position in PagerDuty by 6,298.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company's stock valued at $1,270,000 after purchasing an additional 54,544 shares in the last quarter. Clearline Capital LP bought a new position in shares of PagerDuty in the 2nd quarter valued at about $1,323,000. Natixis Advisors LLC increased its position in shares of PagerDuty by 172.8% in the second quarter. Natixis Advisors LLC now owns 39,733 shares of the company's stock valued at $911,000 after acquiring an additional 25,170 shares during the last quarter. RGM Capital LLC raised its holdings 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 in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in PagerDuty by 214.5% during the second quarter. Point72 Asset Management L.P. now owns 57,558 shares of the company's stock valued at $1,320,000 after purchasing an additional 39,258 shares during the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Shelley Webb sold 6,246 shares of the company'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 sale, the insider now directly owns 216,572 shares in the company, valued at approximately $3,924,284.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the transaction, the chief executive officer now directly owns 1,010,861 shares of the company's stock, valued at $20,308,197.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shelley Webb sold 6,246 shares of the business'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 transaction of $113,177.52. Following the transaction, the insider now owns 216,572 shares of the company's stock, valued at approximately $3,924,284.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,450 shares of company stock worth $862,262. Corporate insiders own 7.60% of the company's stock.

PagerDuty Stock Performance

Shares of NYSE PD traded up $0.04 during trading hours on Friday, reaching $17.96. 416,435 shares of the stock were exchanged, compared to its average volume of 1,151,603. The stock's fifty day simple moving average is $18.43 and its 200 day simple moving average is $19.81. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -17.78 and a beta of 1.06. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week 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.

PagerDuty (NYSE:PD - Get Free Report) last posted its 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 25.83% and a negative net margin of 18.58%. The company had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Sell-side analysts predict that PagerDuty, Inc. will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PD shares. Morgan Stanley dropped their price objective on PagerDuty from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 4th. TD Cowen cut their price target on shares of PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lowered their price objective on shares of PagerDuty from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday. Craig Hallum cut their target price on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird lowered their price target on PagerDuty from $22.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, PagerDuty presently has a consensus rating of "Hold" and a consensus target price of $21.82.

PagerDuty Company 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.