Aequim Alternative Investments LP Grows Stock Holdings in PagerDuty, Inc. (NYSE:PD)

Aequim Alternative Investments LP raised its stake in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 43.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 163,300 shares of the company's stock after buying an additional 49,700 shares during the period. Aequim Alternative Investments LP owned about 0.18% of PagerDuty worth $3,029,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of PagerDuty by 6,298.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company's stock worth $1,270,000 after acquiring an additional 54,544 shares in the last quarter. Jackson Square Capital LLC purchased a new position in PagerDuty during the third quarter worth approximately $665,000. Clearline Capital LP acquired a new stake in PagerDuty in the second quarter valued at approximately $1,323,000. Glenmede Trust Co. NA increased its position in shares of PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock valued at $13,386,000 after buying an additional 75,771 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of PagerDuty by 172.8% during the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company's stock worth $911,000 after buying an additional 25,170 shares during the period. Hedge funds and other institutional investors own 97.26% of the company's stock.

PagerDuty Trading Down 2.0 %

NYSE:PD traded down $0.41 during trading hours on Tuesday, hitting $20.34. The company had a trading volume of 1,276,679 shares, compared to its average volume of 1,142,715. PagerDuty, Inc. has a 1 year low of $16.46 and a 1 year high of $26.70. The company has a market cap of $1.83 billion, a P/E ratio of -25.93 and a beta of 1.09. The company has a 50-day moving average of $19.24 and a 200 day moving average of $19.62. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52.

Insider Activity

In related news, insider Shelley Webb sold 6,246 shares of the business's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total value of $113,177.52. Following the sale, the insider now directly owns 216,572 shares in the company, valued at approximately $3,924,284.64. The trade was a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mitra Rezvan sold 2,942 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the transaction, the chief accounting officer now directly owns 108,449 shares in the company, valued at $1,958,588.94. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,396 shares of company stock valued at $1,733,561. 7.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Craig Hallum cut their price target on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. Scotiabank reduced their price target on shares of PagerDuty from $23.00 to $18.00 and set a "sector perform" rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price target on shares of PagerDuty from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on PagerDuty from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, Canaccord Genuity Group decreased their target price on PagerDuty from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.