Vanguard Group Inc. Has $192.25 Million Stake in PagerDuty, Inc. (NYSE:PD)

Vanguard Group Inc. decreased its holdings in PagerDuty, Inc. (NYSE:PD - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,528,262 shares of the company's stock after selling 19,852 shares during the quarter. Vanguard Group Inc. owned 11.68% of PagerDuty worth $192,246,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of PagerDuty by 285.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock worth $23,444,000 after acquiring an additional 936,257 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PagerDuty during the fourth quarter valued at $6,574,000. Barclays PLC boosted its position in shares of PagerDuty by 24.2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company's stock valued at $16,716,000 after purchasing an additional 175,733 shares during the period. Bank of New York Mellon Corp increased its stake in PagerDuty by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock worth $16,531,000 after purchasing an additional 100,207 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in PagerDuty by 18.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 579,305 shares of the company's stock worth $10,578,000 after buying an additional 89,400 shares during the period. Institutional investors own 97.26% of the company's stock.

Insider Transactions at PagerDuty

In other news, CEO Jennifer Tejada sold 1,569 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 868,311 shares in the company, valued at approximately $17,366,220. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.60% of the stock is currently owned by company insiders.

PagerDuty Stock Up 0.8 %

NYSE PD traded up $0.12 on Friday, reaching $15.47. The stock had a trading volume of 1,438,997 shares, compared to its average volume of 1,083,016. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a 1 year low of $14.40 and a 1 year high of $23.12. The business has a 50 day moving average price of $17.83 and a 200 day moving average price of $18.56. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -19.34 and a beta of 1.06.

PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $121.45 million during the quarter, compared to analysts' expectations of $119.53 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts forecast that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a share repurchase program on Thursday, March 13th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PD. Royal Bank of Canada decreased their target price on shares of PagerDuty from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group decreased their price objective on shares of PagerDuty from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group cut their target price on shares of PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Bank of America cut 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, Truist Financial dropped their price target on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.73.

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.