Amundi Sells 17,655 Shares of PagerDuty, Inc. (NYSE:PD)

Amundi trimmed its position in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 55.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,234 shares of the company's stock after selling 17,655 shares during the quarter. Amundi's holdings in PagerDuty were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AMI Asset Management Corp increased its position in shares of PagerDuty by 154.2% during the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock valued at $1,025,000 after acquiring an additional 34,063 shares during the last quarter. Glenmede Trust Co. NA grew its stake in PagerDuty by 11.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock valued at $13,386,000 after purchasing an additional 75,771 shares during the period. Geode Capital Management LLC increased its position in shares of PagerDuty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock valued at $39,915,000 after purchasing an additional 37,147 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of PagerDuty during the 3rd quarter worth $444,000. Finally, Franklin Resources Inc. boosted its holdings in shares of PagerDuty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company's stock worth $614,000 after buying an additional 1,701 shares during the last quarter. Institutional investors own 97.26% of the company's stock.

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Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 7,879 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the transaction, the insider now owns 199,122 shares of the company's stock, valued at $3,622,029.18. The trade was a 3.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Tejada sold 1,569 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total transaction of $31,380.00. Following the completion of the transaction, the chief executive officer now directly owns 868,311 shares in the company, valued at $17,366,220. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,048 shares of company stock valued at $186,699. 7.60% of the stock is currently owned by company insiders.

PagerDuty Price Performance

PD traded up $0.20 during trading on Tuesday, reaching $19.54. 1,074,285 shares of the company were exchanged, compared to its average volume of 1,029,843. PagerDuty, Inc. has a 12-month low of $15.49 and a 12-month high of $23.40. The company's 50-day moving average is $18.37 and its two-hundred day moving average is $18.66. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -24.42 and a beta of 1.12.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The company had revenue of $121.45 million during the quarter, compared to analyst estimates of $119.53 million. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. PagerDuty's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. Research analysts forecast that PagerDuty, Inc. will post -0.27 earnings per share for the current fiscal year.

PagerDuty declared that its board has approved a share buyback plan on Thursday, March 13th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on PD shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $21.00 price objective on shares of PagerDuty in a report on Wednesday, December 11th. Truist Financial decreased their price target on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Royal Bank of Canada dropped their price objective on PagerDuty from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Bank of America downgraded PagerDuty from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $23.00 to $18.00 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered their target price on PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.73.

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.