PagerDuty, Inc. (NYSE:PD) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 12,322.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,076 shares of the company's stock after buying an additional 47,689 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.05% of PagerDuty worth $892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PD. Quarry LP boosted its holdings in PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company's stock worth $32,000 after buying an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company's stock worth $53,000 after purchasing an additional 508 shares in the last quarter. Fred Alger Management LLC increased its position in shares of PagerDuty by 170.6% during the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company's stock worth $57,000 after purchasing an additional 1,578 shares in the last quarter. Headlands Technologies LLC acquired a new position in PagerDuty in the 2nd quarter valued at $114,000. Finally, Canada Pension Plan Investment Board purchased a new position in PagerDuty in the 2nd quarter valued at $181,000. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Trading Up 1.3 %

Shares of NYSE PD traded up $0.28 during mid-day trading on Friday, reaching $21.27. 1,061,897 shares of the company's stock were exchanged, compared to its average volume of 1,169,205. The company's 50-day moving average is $19.19 and its 200-day moving average is $19.62. The company has a debt-to-equity ratio of 3.52, a quick ratio of 2.13 and a current ratio of 1.97. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -26.59 and a beta of 1.09. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70.

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

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $20.04, for a total transaction of $375,750.00. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at $18,188,925.24. This represents a 2.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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 represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,396 shares of company stock valued at $1,733,561 over the last quarter. 7.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PD shares. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $26.00 to $24.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. 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 report on Wednesday, September 4th. JPMorgan Chase & Co. lowered 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. Royal Bank of Canada increased their price target on PagerDuty from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, Craig Hallum lowered their price objective on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PagerDuty presently has a consensus rating of "Hold" and an average price target of $22.00.

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.