Sumitomo Mitsui Trust Group Inc. Has $69.36 Million Holdings in PagerDuty, Inc. (NYSE:PD)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of PagerDuty, Inc. (NYSE:PD - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,738,803 shares of the company's stock after selling 169,300 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 4.02% of PagerDuty worth $69,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its holdings in shares of 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 acquiring an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in PagerDuty by 28.0% in 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 grew its holdings 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 during the last quarter. Cambridge Trust Co. acquired a new stake in shares of PagerDuty in the first quarter valued at $68,000. Finally, Headlands Technologies LLC bought a new position in shares of PagerDuty in the second quarter valued at about $114,000. Institutional investors own 97.26% of the company's stock.

Insider Activity

In related news, 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 value of $53,132.52. Following the transaction, the chief accounting officer now directly owns 108,449 shares in the company, valued at approximately $1,958,588.94. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $20.04, for a total value of $375,750.00. Following the completion of the transaction, the chief executive officer now directly owns 907,631 shares of the company's stock, valued at $18,188,925.24. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,146 shares of company stock valued at $2,110,248 in the last quarter. Company insiders own 7.60% of the company's stock.

PagerDuty Stock Down 4.8 %

Shares of NYSE:PD traded down $0.95 during trading on Friday, hitting $18.65. 1,054,764 shares of the company's stock traded hands, compared to its average volume of 1,123,309. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -20.96 and a beta of 1.07. PagerDuty, Inc. has a 52 week low of $16.46 and a 52 week high of $26.70. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. The company has a 50-day moving average price of $18.37 and a 200-day moving average price of $19.63.

PagerDuty (NYSE:PD - Get Free Report) last released its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analysts' expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. As a group, research analysts forecast that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PD shares. Craig Hallum lowered their price objective on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Royal Bank of Canada lowered their price target on shares of PagerDuty from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. Morgan Stanley decreased their price objective on PagerDuty from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 4th. Scotiabank dropped their target price on PagerDuty from $23.00 to $18.00 and set a "sector perform" rating for the company in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group decreased their price target on PagerDuty from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.