Quest Partners LLC Buys Shares of 45,574 PagerDuty, Inc. (NYSE:PD)

Quest Partners LLC acquired a new position in PagerDuty, Inc. (NYSE:PD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,574 shares of the company's stock, valued at approximately $845,000.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP raised its stake in PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company's stock valued at $32,000 after purchasing an additional 1,322 shares during the period. First Horizon Advisors Inc. increased its stake in PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company's stock worth $53,000 after acquiring an additional 508 shares during the last quarter. Fred Alger Management LLC increased its stake in PagerDuty by 170.6% in the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company's stock worth $57,000 after acquiring an additional 1,578 shares during the last quarter. Cambridge Trust Co. purchased a new position in shares of PagerDuty in the 1st quarter worth approximately $68,000. Finally, Headlands Technologies LLC purchased a new position in shares of PagerDuty in the 2nd quarter worth approximately $114,000. Institutional investors own 97.26% of the company's stock.

PagerDuty Price Performance

Shares of NYSE:PD traded up $0.83 during midday trading on Friday, hitting $20.67. The company had a trading volume of 961,097 shares, compared to its average volume of 1,114,465. The business's 50-day simple moving average is $18.50 and its 200-day simple moving average is $19.58. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -23.22 and a beta of 1.07. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating 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 business had revenue of $115.94 million during the quarter, compared to analysts' expectations of $116.52 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The company's revenue was up 7.7% on a year-over-year basis. On average, research analysts predict that PagerDuty, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company's stock, valued at $1,958,588.94. This represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Tejada sold 38,392 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value of $769,759.60. Following the sale, the chief executive officer now directly owns 907,631 shares of the company's stock, valued at approximately $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 in the last three months. 7.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on PD. Royal Bank of Canada dropped their price objective on PagerDuty from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. Robert W. Baird lowered their target price on PagerDuty from $22.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th. Canaccord Genuity Group reduced their price target on PagerDuty from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group reduced their price target on PagerDuty from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced their price target on PagerDuty from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, PagerDuty has an average rating of "Hold" and an average price target of $21.82.

PagerDuty 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.